IMO, with what cards Steve IS holding, there is absolutely no reason why he should be talking any kind of credit and should be going for best offer of a joint partnership, paying all costs with minimal equity, up front big cash for an offtake contract, or, as was discussed before, to offload equity in the other leases. Kachi is GOLD and it would be the ultimate managerial mistake if shareholders do not end up with the maximum, no conditions, benefits from what deal is (will have to be) done.
Somehow, I reckon that Steve is on the same page, this is his lifetime dream so close to coming true.
CRs and price dilution, page-9
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