Ann: DFS Delivers Compelling Economics for Cabinda Project, page-363

No. It needs around US$40 million total which includes working capital.
The cornerstone investors have come in with a debt facility offering US $25mill. If that is used, they need another US15 mill or A$22mill.
That compares to A$300mill NPV using the 15 year average fertiliser price or an NPV of A$600mill at spot prices at the time the DFS was released (recently). Those NPV numbers are only for MNB's 85% share of project NPV. The project NPV is higher than those numbers at A353mill at base price assumptions or around A$706mill at spot fertiliser prices.
The remaing funding is relatively small compared to MNB's share of project NPV and smaller again relative to the full project NPV.
Those NPV conversions to AUD were done when the DFS was released and will be slightly lower now with the AUD up a bit since then.
The company has A$23 mill in cash which should help when raising debt because the banks usually want to see companies raise part of the capex through equity. The company has already raised and holds a significant amount through equity. If the AUD continues to rise in the short term, before we need to raise the balance of funds, it will reduce the amount needed in AUD's. The AUD had reached around 62c before the DFS was released. At 62c, US$15 mill is A$24.2mill. It would have been over $25mill had the AUD fallen juust a bit further. At today's exchange rate, it's dropped to A22.4mill. At 70c it would be A$21.4mill.
Once in production in a year's time, a lower AUD is more beneficial as US profits are converted back to AUD's.