The stated terms pointed to minimum 5% equity from each investor/partner in a $10B project. That’s a minimum $500M each, hence the =>1.5B USD. Those Sangha held mining permits (by decree) are extremely valuable.
You may have to elaborate, but 60% project debt on $10B is $6B, leaving $4B. The investing partners will want to hasten the reduction of their debt burden by rapid IPO. When will that be?
The offtake has already been decided. Baowu will take the entirety of the ore, likely channeled through CMRG.
Do you have any insight as to what the CCC in CCCM stands for?
The stated terms pointed to minimum 5% equity from each...
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