future funding issues

Been reading up on DML, been trading this stock to date and now its fallen to levels where is looks interesting for an investment.

In the announcement on the 26th March on Financing Restructure it says "Discovery Metals is finalising plans for debt capital markets issuance to raise between US $200 million and US$250 million to replace existing project linked debt."

So what happens if they cannot refinance all of this amount/ After all the share price has been destroyed from 63c to now 39.5c. The market cap is now just $193m. So the debt they need to refinance is actually greater than the company market cap. Who in their right mind will take on this debt.

If DML can only refinance say just $100-125m and the rest of $100-$125m is to be raised by equity, this would surely be detrimental to the share price.

Anyone has other views on this?