Pima Mining, page-10

  1. kaitie
    1,094 Posts.
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    17/07/02
    20:44
    Post #: 37967
    Hi folks,

    I read....

    Pima magnesium project 65,000tpa of magnesium metal.
    Cost >$700 million (10x current market capitalisation).

    Financing by

    1. 65% senior debt

    2. 10% mezzanine subordinated debt

    3. 25% equity.


    Would someone please explain the financing categories to me in plain english please.
    And is borrowing 10 x the market cap normal?


    kaitie
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