What are posters thoughts on this?
MCC can opt to fund "up to" 70% of the capital required... for an equal proporion of offtake rights.
There is a massive difference between say, MCC funding 20%-30% of the project ($630-$840million of the $2.1Billion) and 70% ($1.47Billion).
Is there any reason to suspect that MCC will opt for any less than 70%?
Why was it capped at 70%? Why were MCC not given the opportunity to fund 100%?
Cheers
What are posters thoughts on this?MCC can opt to fund "up to"...
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