GMC Fundamentals, page-3

Yes I do think it will get past 2.8c, it was 4.2c this time last year and we have derisked the project a lot since then, albeit with some dilution. The original cornerstone investor was due to get a cut in the sub company of about 10%, which didn't occur either.

It will be even more derisked once the DSO comes through, which should be fairly soon as we are due to start receiving revenue in Q42017. They have also been receiving additional income through GMCO conversions as well (about $1.4m so far I think).