RE: Arlekino: MPV Cash Burn RateZorro,
I understand the monthly costs but I don't understand where 975 mils came from. It's the entire project's cost. De Beers owns 51% so the worst case scenario is 477,750,000 and not 975,000,000 for both MPV and CFV.
The way you explained this suggests basically that MPV has to pay De Beers for the ENTIRE project with interests and not just it's share.
I don't think that's the case because this kind of loan MUST be on the MPV's balance sheet and it's not there.
I'd like to know where you have got the info that MPV owes money to De Beers for anything.
Thanks