Cost Per Tonne (NHC), page-13

Yeah, it wasnt for predictive purposes, rather to illustrate that they could definitely afford to take on debt for an expansion.

I used 12 percent because there was a real world example in the not too distant past of SMR using an 11% facility and i like even numbers more. I would love to have known the WHC interest rate for their refinanced dacility, but couldnt see it explicitly statedbin the ann.

Whether or not it is value accretive would depend on all the inputs youd use for an npv, and i like to be conservative my assumptions usually. No one would argue that the effect of dropping the interest rate from 12 to 8 and playing with wacc would dramatically alter the outcome.