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Term Sheet 1 Interest rate secured overnight financing rate plus...

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    Term Sheet 1

    Interest rate secured overnight financing rate plus 6.77%

    That possibly 15-18% loan costs paid in arrears if I am correct in todays credit market

    With a rate like above surprised this has not already be approved and production commenced

    and waiting on term sheet 2 terms etc

    IMO - a CR would hav been far cheaper over longer term and production would have already commenced - without millions more in running costs and interest payments before production commences


    DYOR

 
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