That's actually correct. (Presuming all goes well/all conditions met...) in the deal with az project which clearly by last pr equity distribution could change but the deal is the same. Swet fees are packed into the deal and off that construction draw will also used pay for the land. Yes swet off az will be cash flow positive while clearly taking on a large debt. Structure is 3 million for site, 2 mill year during construction. Imo that very likely be used as operating cap I hardly think if NSF goes as far to loan the massive sum of 1.5 billion dollars (them/and partners) will have reservations to operating capital. Source conference call number 2
Just like any other business most start out in the hole that's not abnormal. Lots in fact most very successful companies continue large sums of debt grow their business (ge, Duke, Apple I could go on an on and on).
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