"However, if it is not, MLV will revert to establishing conventional project financing for the non-refractory, technically simple, and financially robust project that could comfortably repay such loan within 18 months of the mine’s commissioning. The loan would potentially be at a higher interest rate."
Would it be too simple to just assume offtake pre-payment will not happen, and get going on the loan? Inform 'potential off-taker' they have a deadline if they want to get better offtake terms by providing pre-payment funding? What am I missing?
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