interest rate

Ok, so the announcemnt say LIBOR + a fixed rate.

Santoo, says this will be less than the avergae Australian mortgage rate but the other fees will be high.

Presumeably that knowledge comes from
"(e) The facility will be partially repaid by setting off amounts owed by Noble to the Company from quarterly
deliveries of manganese ore under the Off-take Agreement. The remainder of the facility including interest
and other costs will be repaid at the maturity of the facility."

We also know Noble plan to market our product for a fee.

"Noble shall be granted the rights to off-take of not less than 1,680,000 DMT from the Company’s Zambian
Projects over a 10 year period. Noble will also have a right to match future offtakes and the parties will
consider further the possibility for Noble to increase the offtake rights and/or perform life of mine marketing
services for a marketing fee to be agreed."

It seems Noble have stuck to their motto of securing cheap metals for it's customer. But where does that leave Kaboko MINING?

Also their was talk of Noble facilitating trasport as they have experience in logistics.

This deal could prove a gold mine for Noble. That's why I believe the funding will go through.