They'll obviously have to raise money to get the ine up and...

They'll obviously have to raise money to get the ine up and running, but they seem to have good support from institutional and sophisticated investors - they had no problem raising $2 million @ 17c in August 2012, when Fe prices were languishing and the share price was at 14c.

AGO had to raise money to get up and running - likelihood of cap raising can actually be a great time to buy as it scares a lot of traders off and creates and artificially low price environment.

They have enough cash to at least get them through to completion of TSX listing.