What really happened, page-288

What do you mean how can it.
Why shouldnt it is my question
SK or assosciates lend the money.SK underwrites it .
The collateral is the project itself.
Where is the risk?
The cobalt is there and demonstrated as JORC compliant.Getting it out of the ground is easy.Extracting it will have been demonstrated or the project wont go ahead.The demonstration of extraction is not just some theoretical lab test but an actual and fully scalable replica of what will be put in.A BFS will have been completed
The political risk is minute and it is fully backed by rule of law which is consistant,transparent and enforced.
The disgrace is Australian banks do not have the expertise to see it .Even worse our own government who is prepared to back a finacially (and morally)dodgy foreign out fit to a billion dollars in an industry(coal) with no future yet not something where we can be world leaders.