So they're looking at getting the rest of the funding from the existing debt funders? Could the recent energy price spike and thus the increase in cost to produce SOP via Mannheim be causing the two banks to go all in here? This is a very strategic asset, very low cost and very long mine life. Someone can make a lot of money here if they can get this funded. If SOP prices stay where they are IRR is going to be significantly higher and payback of debt more secure.
I just don't trust this management team.
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