Would you buy a ticket for the Titanic?

That’s a dream or a nightmare, depending on who you are, but a colorful Australian business tycoon wants to make the option a reality.

Clive Palmer, a mining magnate and conservative politician, says his long-stated wish to build a replica of the famously opulent ship is back on after years of delays.

On Monday, he announced that his cruise ship company, Blue Star Line, would establish a European headquarters early next year, most likely in Paris, to get the Titanic II onto the high seas.

“Millions have dreamt of sailing on her, seeing her in port and experiencing her unique majesty,” he has said. “Titanic ll will be the ship where those dreams come true.”