Question for the thinkers out there.
As JW continued to highlight on Crux, the DFC piece is less than 20% of the total package for P1 (mine + plant).
Given the lengthy process, surely theres got to be more to DFC funding than meets the eye than just cheap credit. In the grand scheme of things $50mil its a drop in the ocean.
All I can think of is percieved derisking in the eyes of commercial lenders and hopefully reduced interest rates for UAE given how stringent the DFC DD process is.
Anyone think of other reasons?
Getting buy in from US govt for P2?
Stating that they're taking a side geopolitically?
JW doesn't do these things for no reason.
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