Why would give away 70% to be free carried?
The original vendor will probably go for the 10% claw back which will fund 20% of the startup. The other 80% could be funded by a bank loan, it's only $40-50million for startup on potential revenue of gross revenue of $400-$600 million a year (2-3 million tonnes at $200 US).
Any loan taken out for startup could be paid back in year 1/2 of operations.
Why would give away 70% to be free carried?The original vendor...
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