Unless you know that there are certaintly much more nickel ore grades that are higher than what was publically issued todate, the extra extra cash is still a gamble for JJ.

The extra loans might be enough to fix the tailings pond and start Hart, and close McWaters. As mentioned, knowing that the new debt under the MOU can be repaid in concentrate makes one wonder if there will be anything left over for Liberty or is JJ going to strip all the remaining reserves?

The fact that JJ promises not to dilute and take over more of the company is a positive statement as I said. However now that they hold security on all deposits and equipment this could be a much easier way to take over Liberty's assets without any input from the minority shareholders. The updated MOU was passed easily at the AGM so hopefully the remaining shareholders are aware of these implications.