JC,I think that NDM had stated that time and time again that they have no intention of developing the project on their own.Therefore the 3.5 billion capital cost will not be an issue since the majors are flooded with cash right now.The ointment in the fly is the north african situation pushing the oil price to historic level with no end in sight which will definitely put any projected capital cost of mining in jeopardy.I also sense that there,s dissatisfaction with Anglo America,s much delayed timeline to produce a prefeasibility study report on time.That may be the reason why Mitsubishi wanted to move on to spend their money somewhere else and Hunter Dickinsons decided to preprare their own PEA to the market.the delay will put the production date further to 2019(originally it,s 2016).