Ann: Coris Bank Settlement and Bishop Resources Funding, page-20

IMO, l believe that that Bishop Resources would not have provided funding without some form of security, which in this case can only be the permit.
Security of the loan is the shareholding in MGO, and without the permit there is no value. Without a value there is no loan, especially at a rate of 12%, which in the scheme of things could have been higher.
Lets stay tuned. Think we are over the worst when funding was forwarded to BSR.