Maybe Frank can get an agreement to finance a large scale trial of the smelter technology, with a couple of million extra to pay for the needed work on Black Horse, from a company that wants to licence that.The drilling could provide the needed material for a big enough sample.
Any offtake agreement has to be conditional on the Black Horse chromite deposit being 80% KWG property, rather than just optioned subject to more work being done.
Similarly the railway economic projections have to include a lot of conditionals, perhaps several different scenarios depending on future chromite prices, projected production from other ROF companies, etc.