IMO this will move at the speed of sound IF and WHEN the private financing is announced. Will bring FN to table and push feds and Libs to come to the table with chq books.

Concerns:

1) Why didn't KWG's large interested companies they have referred to not finance and back up KWGs to purchase the Cliffs holdings

2) Why did NOT's backers (RCF and Bao) not take an equity position in Cliff's holdings rather than allow a third party loan (Franco Neveda) be allowed and taken on by NOT(with the provision of chromite assets being collateral in the event of default of pay't..pay't being only generated by the success of Eagle's Nest as the plan not to deal with mining chromite for 5 years, which coincides with the 5 yr loan + interest repayment )

3) Why did Franco Nevada not take a an equity partnership with NOT rather than loan the money.

Looking at it from 50,000 feet there is something just uncomfortable and may not bode well for progress in the near term.