Invertedva,
Secured financing will surely see the SP trade @ couple cents, IMO.
Plans on a page however, are first needed to pursue definitive financing.
The task at hand is to posses a detailed and accurate quote for the CDP. They're plotting along with regards to this it would seem quite confidently.
It's analogous to a property developer who has a site they're looking to construct. They set out to secure the tradespeople they'll be using, most likely on an ongoing basis, to assist in constructing the development. To accomplish this most feasibly, the developer will seek out who's the most affordable to do such a task. Once that's achieved, the only issue becomes financing.
Now, in reference to this and ESI's current position, they do have Lind waiting at the door with a line of credit for close to 90% potentially of the whole expenditure expected on the CDP.
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