Interest is only paid on money that has been drawn down. From...

Interest is only paid on money that has been drawn down. From memory there was only $10m outstanding from after the last share placement was done. Commissioning is part of the Jinpeng contract so no commissioning costs added to that $10m.
That leaves $10-15m for production
average operating costs at $500 per tonne - increased from DFS $400 per tonne because of less retention on startup
average monthly tonnes 2Kt - reduced from DFS 3.3Kt because of less retention on startup
Estimated operating costs per month $1.5m up from DFS $1m because retention less in startup
estimated sales for first month at reduced $1000 per tonne would give sales of $2m for the first couple of months which would cover operating costs of $1.5m

Therefore WKT should only need to drawdown on about $14m to complete construction and operational costs for the first 2 months by which time they should have payments each month for product coming in.

Management mentioned that it is hard to get a loan for $15m as the costs are the same for the lender than if it was for $20m. Gemcorp was more inclined to lend $20m than it was for only $15m.

Interest is only paid on what is drawn down on