All I know is they better get their costs right and under control for the taconite projects or this will get smashed to little bits. The entire mining sector is in a severe bear market for this very reason. Costs for everything from extracting an ounce of gold to funding/develping a property have gone out of control acroos the board from big caps to juniors. I'm no engineer and can not understand how the costs of a project can be off by 50-100% even 150% in some cases. All I know as an investor is we're putting complete faith in managements that pay tens of millions for PFS and FS's and yet still can't come close to budget. Here is what happens when costs are out of control...

http://www.nasdaq.com/article/northland-resources-identifies-funding-shortfall-shares-dive-to-record-low-cm210410