RE: mjaArizona
What I was trying to say in the last post...If 67% of $220M, or $147.4M were debt, but PCY's sole responsibilty andseparate from the Power Plant's debt, then PCY might pay interest only until the first 150MW unit comes on line in 2016, then PCY could use its part of profits from the PP's operation to pay P&I on the $147.4M over the next 7 years where the PP's production would be [150 +300 + 450 + 4(600)]/7 or average about ~470MW annually over those 7 years, which should pay the P&I on the $147.4M loan.
The other part of the $889M total debt would be carried by the PP participants based on their percentage interest, of which PCY would be responsible for 0.40% of the total $889M, or $355.6M.
Also Ulaan Ovoo should be in production and the Chandgana Coal Mine supplying the PP would provide PCY with further funds to pay its bills and and plan for further development.
See sheets 13 & 14
https://www.theenergyreport.com/cs/user/download/co_file/3510/PCYcorppres1112.pdf