Effectively it's higher, US$500k facility fee and US$3m repayment this year, that's more than 14%. That'll rise to '16%' on the last $5m and in addition to that they have senior security of all assets of the Lindi project. Anyway, I have nothing against WKT and hope they succeed but no one can deny their current strategy is inherently very risky, especially with their focus on jumbo flakes.
FUTURE POTENTIAL V4, page-97
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