Ann: Black Rock Debt Process Update, page-25

The debt funding process is definitely got many investors concerned.

However, it is great to have POSCO in the process as they are professional long-term investors. Interesting news: POSCO recently announced they have fully recouped $950 million initial investment in Roy Hill iron ore mine in 2010. Basically, POSCO have now collected about $ 1 billion in dividends by 2023 with a 12.5% stake in the mine. Media was initially sceptical of POSCO's investment due to fluctuating iron ore prices, but later called it "an ugly duckling to a golden goose".

POSCO fully recoups initial investment in Roy Hill mine - KED Global

The above is a totally deferent situation to BKT. However, it is one of many good examples of POSCO's long term mine investments despite volatile commodity prices (eg graphite price in BKT's situation today). No financial advice intended & interesting times ahead.