Joe, perhaps you should look at comparable projects and the financing terms obtained so you can gain a bit of a sense of what is achievable.
http://www.mmg.com/en/Investors-and...spx?backitem=BA5603A202CE4D1E848FABA9D1339247
Under this agreement, China Development Bank Corporation (CDB) and Bank of China Limited, Sydney (BOC, Sydney) will provide a debt facility of up to US$1 billion for a term of 13 years.
MMG has negotiated competitive interest terms in the vicinity of 6 months US dollar LIBOR plus 3.5% to 3.9% inclusive of aggregate upfront costs relating to entering into the facility of approximately 1.3% of the total loan amount.
Yeatesy
Ann: Quarterly Activities Report, page-38
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