Ah yes, but the NAIF application is to do with the battery metals part of the business.
Which is at the back end of this project.
Which may or may not get NAIF funding.
What we are talking about today is funding for the DSO business.
Please tell me you understand the difference.
That requires only $14m CAPEX.
So we are discussing how this gets funded.
There is no NAIF loan coming.
You have said that E25 'should borrow the lot'
You are aware that not many organisations would provide 100% debt to a project?
It's normally a 70/30 split or 60/40 ?
Now I would suggest that it is not TillLindemann that is silly or has made a substandard comment, I would suggest that it is you.
Ann: Trading Halt, page-49
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