The 500mill term sheet announcement has many 'conditions'
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...is subject to a number of conditions and customary terms for a project financing term sheet, including the following:
... concluding a cost benefit analysis in accordance with the provisions of the NAIF Investment Mandate1, which will be important in determining the level of concessionality that NAIF can offer the Project;
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seems odd to me that no cost / benefit analysis has been created on an overall project well over $500 mill spend
GNX Price at posting:
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