The silver lining for me is that if Macquarie has funded the...

The silver lining for me is that if Macquarie has funded the project (even though I think the terms will be solely to Macquarie's benefit and representing an increased risks for CAI) that means that they see it as a project that has robust economics and that they can not lose on their investment/loan. I still believe that they are "lenders of last resort" but their involvement, whilst associated with risks - especially if they do their normal modus operandi on hedges etc - is a vote of confidence in the projects profitability. I just hope that CAI can repay the loan asap and get them of the books. At least the project now moves forward without any undue delays and serious mine and plant construction can start.