Not an expert in this area but I can understand how bidders like GR and Primero would want to see a clear line of sight for project funding before committing to an expensive round or two of tender activity.
So firming up of the loan arrangements on top of the cash in the bank gives RNU a green light to get more done pre FID.
Regardless, excellent to see this announcement as it means that 2025 is likely to be very busy across numerous fronts, but especially on the mine construction front.
Ann: Competitive ECI Process Underway for Siviour Project, page-21
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