WHERE IS MGT GETTING ITS 572 MILLION FROM, page-9

it's actually very hard to borrow on a spot pricing that analysts have predicted a will decrease as it has done in the past.

I do see a lot of banks, government, and institutional investing coming in, but will it be enough is the answer,

banks, governments and funds will be at a point of financial exhaustion soon, as I was saying 2021 has been a Stella year for cap raises, but everyone has done one, you can tell in the last 3 months that the market has run out of steam, that steam is created from money coming in.

it's definitely not out the the question to the raise 570, but it's an extremely big task given the lending and investment environment they are faced with.

banks need guarantees aswell, sure a BFS should suffice lending criteria, but it will be limited it its capacity and a lot of the times fraught with conditional arrangement, which is another issue, when you go into the realm of 100s of million, things get a little more complicated.

we know that if the macro or iron pricing falls enough, the project becomes non feasible and that's definitely something that becomes a real possibility with feasibility studies being drafted. then the bank has to weigh that up, so instead of massive funding they might give some funding but with a higher interest and more conditions