NAU: Financing Some words about the financing based on data given by Anders Antonsson, Northland Resources, interview in "Dagens Industri" (a swedish financial magazine).
We have two (2) scenarios, financing with or without a logistics partner. Exactly how much money that is required depends on how NAU solves the logistics.
1) NAU + JV partner for the logistics.
Total funding for NAU = ~ 400 million.
Senior Loan including syndication with other banks totaling $400 million (no new equity needed).
2) NAU handles the logistics themselves.
Total funding for NAU = ~ $ 500 million.
Senior Loan including syndication with other banks, $400 million. Funding for logistics, ~ $100 million, new equity needed.
Anders Antonsson says: "If we take care of the logistics ourselves, there can be a combination of different forms of financing. But if we get a partner who handles the logistics, it is sufficient with the senior loan financing ($400 million)."
But the latest news (rumours) we've got is that they will get a JV partner. So in that case no new equity is needed. Coming back with more information as soon as I know more.