The $7m possibly doesn't go direct to XCD But reduces project development costs I believe.
Project is fully funded except for a small portion of a few million inc. working capital Ian Culbert said that there was more than one bank offering finance but seems like couldn't get a few more % debt/equity
Fully funded 70% project ownership is more than respectable. Unlike GBG starting with 100% down to 50% or less at both the project and company level.
Interesting to compare IKW and FMS to XCD and SDL
XCD Price at posting:
12.5¢ Sentiment: None Disclosure: Held
