Namehijer wrote:

110 million sounds like 70-80 percent done with another 20 likely. Streaming deal for more should be easy ( hope they don't have to do it though)...

Trevali is worth 33/35 M US$ on the stock market. .... and they are going to lend him 110 M.
But it still owes about 100 M, a debt that must be reformulated.
Conclusion: debt 200 M and worth 35 M.
the value that the banks estimate must be greater than 200 M

.... ????