It is possible, but the (actual) metrics at the moment are...

It is possible, but the (actual) metrics at the moment are unlikely to stack up for a new lender and, keep in mind, Taurus did this at 800bps above BBSY/LIBOR to fund it. Whilst there was some construction risk premium in that initially you are still looking at likely 600bps above BBSY to refi it. Pushes the rate into double digits so that hurts too. Until they can generate meaningful cost reduction I think this struggles to get refied with an external party. The only near term "refi" possible is Taurus, if they don't want to pick the mine up for the amount of their outstanding debt. However if they have a willing buyer that can take it off their hands for a premium to the debt figure then it actually makes more sense for Taurus to foreclose and offload the asset and bank the profit. All of this is unknown though at the moment, but hence my strong view that the equity of this should be worth near zero (currently).