I read his as $84M being required to cover KML costs until they...

I read his as $84M being required to cover KML costs until they became cash flow positive during the Sept'13 quarter. Should KML need more in the first 12 months (which I expect/ hope is very unlikely), Ansteel would provide - like a guarantee.

Then all three parties are going out to get a working capital facility should it be required during the ups and downs of operations. You might recall that Tranche 2 Working Capital Facility was for this purpose but was fully drawn to US$336 million as a result of delays to production.