No, this is a good thing! This means the project is one step closer to being a mine. We've already spent $85M getting it this far, what's another $1M? I'm happy with the news release this morning.

"A Facilities Study is the final evaluation required by the utility to define costs and terms of electric service. Upon completion of the Facilities Study, the parties will then be in a position to sign a Facilities Agreement, which forms part of the contract for the supply of electric power for a large bulk Transmission Service Customer".