IMHO, going through the process, essentially a song and dance with all the stake holders and politicians (not your local variety) takes fair bit of time and effort so that eventually there is a MOU as a first step.. So considering LB talkling about this project a number of times on Presentations as one of the things that will happen, 'eventually', I take it as a positive news..
Also I remember LB mentioning that they had started to talk to the "Bank" the current financier about this project and the bank has supposedly shown interest so a few pieces in play.. Finally, let's not forget what it says in the news release .. It will effect the current loan with the Bank since this also involves upgrading current project at some point.. So really a lot of things to come.. In the meantime, at least for this Friday, share prices is doing well..
During the process, AKTC proposes to invest approximately 100 billion won (approximately US$72 million) in the construction of the downstream tungsten oxide plant, and an additional 40 billion won (approximately US$29 million) in processing plant facility upgrades required to increase tungsten concentrate production at the Sangdong Tungsten Mine.