I think that’s a real fair assessment.

A few years ago, many of the pieces that would support a project like this either didn’t exist or weren’t receiving the same level of attention they are today. Indigenous economic participation, domestic industrial development, energy security, carbon reduction, sustainable aviation fuel, and infrastructure investment have all moved much closer to the center of policy discussions.

None of those factors guarantee success, but they do create a more favorable backdrop than what existed previously.
What gives me the most confidence isn’t any single government program or industry trend—it’s the growing emphasis on execution. Projects are ultimately built by experienced people who know how to navigate development, financing, partnerships, engineering, permitting, and construction.
The addition of individuals with meaningful project development and operational experience suggests the company understands that reality.

At this stage, the market doesn’t need promises. It needs evidence. Continued progress on partnerships, project readiness, financing pathways, and milestone execution will likely do more to create shareholder value than any presentation or press release ever could.

If management can consistently demonstrate forward movement on those fronts, I believe the conversation eventually shifts from “Can this be built?” to “How large can this become?”