The banks are interested in lending, the longer this goes the more effort they have spent in doing the deal, proof that they are in to try and make it work. Valuations are based on metrics (secret squirrel algorithms) that give that quasi binary output. The output is obviously based on the certainty of inputs and hence associated risk. ĶNL have some control of most risk (non sovereign) through BFS, process modelling, and offtakes.
Based on the amount of effort expended by all parties i would be amazed that a deal is not struck on funding. I would think that the bank would be coaching knl on how to improve their metrics ie. Answer all bfs qtns, show you have upside on battery grade graphite, do you have experienced skills base for such mine and addedvalue developments.
If the banks are not supporting a junior miner to get accross the line then they are wasting time and effort. Would be ignorant to think they are are not committed also. PS this is not China.
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