If you have a good think about it and go back to listen to what MJ said.
He alluded to the Exim loan + Equity component will be one inter-linked package.
Secondly - IMO there would be clauses as part of Exim loan conditions that will stipulate to IBG that we cannot sell down our project for a certain threshold % + or - of our $500mil NPV value.
Because if Exim did not protect the Citronen npv valuation that way - it will impact on Exmi's decision to grant funding if the NPV value shifts and gets discounted to suit the equity component.
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