That is a scary proposition. They need something from EX_IM for other lenders to bite. I guess it was wishful thinking to ask Mark to raise over 1 billion dollars. Your post is sobering.
The EXIM LOI specifically indicates an interest in lending up to $800 Million. And, in previous BFS' I believe the payback on the debt portion of the financing was considerably less than 4-5 years once the mine is fully up and running. Is your 4–5-year figure based on the delay due to construction, etc. before the mine is up and producing at full production?
The EXIM program that NioCorp is specifically targeting is part of the bank's Make More In America initiative.
Do a Google News search for: Make More In America "letter of interest" to see all the entities that have received LOI's for this new funding program. You may recognize a familiar name.
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