News: Proto aim to re-open Australia's first Iron, page-15

re: News: Proto aim to re-open Australia's fi... It seems the biggest risk here is there technology? Or will the plant go ahead regardless? It's hard to believe catapillar would provide $68m in debt finance without it being a certainty. Interested to hear from oily as you seem to have a fair bit of background on this company. Also interested to know why the mc is so low. Assume it's that no one believes the nickel price is going to hold or that there tech is right, because based the projected rev, this company looks set for a big rerate once there money comes in from catapillar next month.