The $7m possibly doesn't go direct to XCD
But reduces project development costs I believe.
Project is fully funded except for a small portion of a few million inc. working capital
Ian Culbert said that there was more than one bank offering finance but seems like couldn't get a few more % debt/equity
Fully funded 70% project ownership is more than respectable.
Unlike GBG starting with 100% down to 50% or less at both the project and company level.
Interesting to compare IKW and FMS to XCD and SDL
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