The Sovereign Wealth Fund invested US$10m 6 weeks ago now, I'd say that money must be due to hit their bank account any day now. Remember no strings attached with that money - they can use it for capex or day to day expenses.
The Bank BAI US$15m has passed the credit revue committee, again I'd expect that money any day, the purpose of that money is for working capital or capex.
That adds up to US25m, stage 1 of construction only needs US$5.5m, stage 2 starts 2 months later.
By that time they'll have the IDC funds - US$14m
Even building straight to double the plant capacity ($24m + $4m) they'll have US$11m surplus funds about $16m aussie.
I'd say a very comfortable buffer.
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