Ann: Hot Chili and CMP Ratify Joint Infrastructure MOU, page-5

thanks slack
the 110 cap is not a bad thing if it means mining will start
at the same time it does show CMP muscle in the dealing room
points 4 and 7 also point to CMP muscle in the dealing room
ie CMP are telling HCH how the purchase money is to be spent
again not a bad thing by its self
but it is saying to me they want HCH to fund most of the DFS with the first tranche payment
ie HCH burn mostly their money
roughly 25/75 split costs on DFS
CMP 25%
HCH 75%

this compared to the original agreement of CMP going to 50.1 % after PFS
thus paying 50.1% of the costs from than time on
and CMP telling HCH how the the purchase money is to be spent

smart move by CMP

again not a bad deal as a whole for HCH