TSXV:CAV.H - Post by User
Comment by
geezer321on Feb 06, 2013 1:49pm
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Post# 20947499
RE: RE: RE: RE: NPV - Repost
RE: RE: RE: RE: NPV - Repost "If baja still owns 49% then were in trouble because that means there still liable for 49% of mmbs..."19
Not a problem. The economics of the project will support the liabilites on MMB's books and that is why the Korean's were willing to hold a 51% interest, make loans of $144,000,000.00 over and above the budgeted capex of 1.143 billion and take over $419 million of senior debt financing.