GCA1960, I think the ASX announcement made it clear the precondition of entry in terms of the secured funding arrangement.
In the case of China the funding will be from CDB, EXIM bank or similar.
Should an Indian consortium (doubtful it would be just Jindal) be in the mix, the Indian Ministry of Finance should bankroll the initiative (looking at the Afghan example). All the better if Japan gives India a very soft loan (which may be on the cards).
As for the big western mining concerns and/or commodity traders, the money is no object considering capex is payable within 18 months and a life time of huge profits thereafter.
SDL Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
