Substantially off topic, but I thought relevant for TNG holders...

Substantially off topic, but I thought relevant for TNG holders that another company/mine in the NT today had a term sheet for a $170 million NAIF loan.
The requirements needed are as follows-

 Execution of offtake contracts with lender approved offtakers, covering the contracted
offtake volumes, with a price mechanism to support forecast revenues over the projects
initial operating phase;
 Finalising terms for senior debt funding for the remainder of the project debt;
 Securing the balance of equity funding from acceptable equity partners;
 Detailed due diligence on a range of project matters;
 Concluding a cost benefit analysis in accordance with the provisions of the NAIF Investment
Mandate, which will be important in determining the level of concessionality that NAIF can
offer the Project;
 Evidence that all relevant environmental, native title and regulatory approvals and
authorisations required to undertake the Project are in place;
 Negotiation and execution of project and facility documentation; and
 Final NAIF credit approval and Board Investment Decision.

I guess TNG will have to jump through similar hoops, some we can already tick off, some appear a bit further down the pointy end