mjaArizona
mjaArizona, thank you for putting up the November 2012 Corporate Presentation.
I finally noticed that the $220M was listed as equity financing to be provided by both Prophecy (PCY) and the Private Equity Sponsor (PE), but wonder if PCY's part might be changed to debt financing to limit dilution. When based on 40% interests for each PCY and the Sponsor and the 20% interest for the PE, PCY's part of the total plant financing would be less than $220M. Still there is the question of PCY's part toward financing the plant. I'm using 40%(PCY)/[20%(PE)+40%(Sponsor)] for 67% of the $220M, or $147.4M which should be PCY's part. This would compensate PCY for setting up the project with items...
Such as:
Invested over US$50 million in the Project
Proposing a Mine mouth plant next to large tonnage coal project that offers low per tonne sales prices
Has already obtained the Coal Mining and Power Plant Construction licenses
Planning the necessary power addition to advance Mongolia's economic future
Still to be accomplished
Finalize Engineering Procurement
Finalize PPA, EPC, FUEL SUPPLY contracts