The 204 million from my understanding is only 138 mil for the actual construction of the loan.
20 mil is working capital - for the company to use outaide of building the actual mine. Managers salaries, flight, etc. Day to day workings of the company.
20 mil cost overun facillity is a loan we can add afterwards if our i itial capex of 231mil is not enough. Inflation etc since we have done costs.
26 mil rehabilitation bonding if the banks securing that if we go broke after construction, that money can go to shutting down the mine and making safe for commuity ect.
therefor the above does not go into our 231 capex required. Which then shows we have the original 113mil loan for capex and now the additional 25 mil. Total of 138.
add posco 50 mil, 10 and 40 prepayments.
Means we need 43 for initial capex of 231.
The 204 million from my understanding is only 138 mil for the...
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