So we’ve got a loan for Balama and we’re getting a grant for Vidalia? - No. We already have a $220m grant for Vidalia. We're waiting to hear if SYR can exchange it for a much larger DOE loan.
The conditional DFC loan for Balama although handy to have has bigger geopolitical ramifications. The US is willing to invest in Mozambique and the importance Balama is to US interests. Especially when the loan can be used for Working and sustaining capital in Balama operations. That's a pretty wide scope to spend the money on.
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Ann: US$150m DFC conditional loan commitment, page-21
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