"The government decree on the banks does not mean the bank that has carried out some due diligence has to loan money to MNB if they don’t view the project viable currently. "
Of course not - but the project is viable. Anyone studying the DFS can see that just as the IDC and SWF saw that.
How many projects have you seen that need only around US$24mill debt for capex for a base case after tax NPV of US$203mill, especially with the TSP price currently 20% above the base case which increases the NPV by roughly 30% to US$260mill or A$390mill? There is no question that the project would be viable so why the post inferring that it is not viable and use of down ramping terms like "desperate days ahead" and "panic stations"?
Recommendation, page-1331
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