I pointed that out a few weeks ago. If they get the full 80% as a loan. The cost of the expansion is $550m tradingplus
The $300m figure was mentioned by the female Alaskan Senator in a senate hearing with the DOE which Richo posted a link to last night. She is complaining about SYR having received the original $102m loan, $220m grant, now applying for another loan (the $300m she mentioned) plus the $185m DFC loan. While Graphite One has only received $37m from the DoD. And people say SYR management are hopeless ROFL
Each bucket has different rules but she is trying to mash them all together and say hey, why are you giving all this money to a company who has a mine in dodgy MOZ while G1 gets hardly anything. The only bucket for mining operations in the US is from the DoD if the mineral mined is urgently required for national defence. To spread US influence/good will O/S they have the DFC bucket to give to mining operations in 3rd world countries. She knows the rules but like a good troll, doesn't let them get in the way of her argument
SYR Price at posting:
43.3¢ Sentiment: Buy Disclosure: Held
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