Maybe I'm not reading this properly, from their nov 2 press release.
"The three initial MLAs have been engaged to arrange and syndicate a finance facility targeting debt funding of 50 - 60% of the total development cost of the Project , including working capital and other credit facilities . The banks will make best efforts to provide a total of US$ 375 million of the total credit facilities required for the development of the project , with the balance to be raised through additional MLA bank(s) or via a syndication process anticipated to take place following completi on of the Definitive Feasibility Study".
The way I interpret it, 375M compromises 50-60% of the total development cost of the project. Which brings the project cost close to the company guidance of US750M.
Where you getting your numbers?
Where to from here., page-41
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