It's a viable option. Not what I expect but certainly a possible situation.
I don't expect a huge amount of cash (relative to the buildout costs)will be required of Niostar nor do I expect that each side will be obtaining the cash or debt individually.
If the deal goes through I expect that the JV company which will be partially owned by Niostar and the SOE will obtain financing together as one entity.
I don't see a financial institution making deals secured by a minority ownership of a project.
We have to get the first step of the deal in place before worrying to much about the next step as there is more feasibility work to be done besides these processing runs.
So not sure if the Chinese want the NI report or are doing it for SRSR as a contingency for the SOE not going forward?
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