Pointless debating the loan terms/rates when we haven’t found...

Pointless debating the loan terms/rates when we haven’t found out what 402(A) means specifically to IBG, it could mean they go from $7M per month repayments to $5M. EXIM needs money servicing the loan at the agreed intervals for the agreed amount, including before the point the stockpiled material starts getting exported. This in my view would form the core of the need.

EXIM is an ECA, they’re offering funds for US products and services as they do to public and private entities, like most they charge interest, that’s their ROI. The US economy gets a chunk back from all the stuff IBG needs to build the mine and get it running. This whole exercise would also be pointless if the US didn’t secure access to Zn. Zn is important, they’ve determined they need a lot of it over the coming decades and they want IBG to dig it up and supply them, not any particular adversary.