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Sunday, September 02, 2018 3:03:22 PM
Mr. Smith added: “These improvements are in no way slowing our project finance discussions and negotiations with the multiple entities with whom we are currently working. But they are helping to reinforce the global uniqueness of this project and increase its already attractive prospective economics to potential investors.”
If these improvement are not slowing they have no effect or positive effect. They are reinforcing what is already seen as financially attractive.
To me it seems to mean that financing is in no way dependant on Nordmin , but will possibly be even more attractive to financiers than assumed sofar. Could it mean that financing is already secured? Could Nordmin outcome definitely determine how much equity will be needed? To minimize dilution I guess one wants idealy to know the final capex and the available amount of debt financing.
Smith's statement is exceptionally strong worded! Maybe I am cutting a curve since we need to know the final above the ground capex. But his statement implies the project is already attractive to financiers as it is.
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