speculatively speaking, page-51

Feetsie Although I'd be very happy to base costs along the lines you outline, the pie chart in the top right hand corner of page 12 of the presentation -
http://www.velocys.com/press/ppt/OCG%202012%20H1%20Interims.pdf -
states that the costs you mention are only 23% of the total and "77% rest of plant" makes up the 100% of the pie chart.
I'd be happy to be proved wrong.

Another point is that Velocys is continuing to explore various engineering possibilites for construction of the plant including one outside Bangkok-
"In April, we announced that a new experimental facility for testing microchannel reactors began operations at the PTT Research and Technology Institute in Wangnoi, Ayutthaya, Thailand. The new facility, which is operated by PTT, the Thai National Energy Company, was set up under the terms of a research collaboration with the Group, and is designed specifically to test microchannel reactors for GTL applications. The facility will enable PTT to gain valuable experience in the use of microchannel GTL technology, and provide them with the data necessary to carry out detailed engineering evaluations. PTT are particularly interested in the Group’s modular GTL technology as a means to monetise associated gas from on-shore wells that is currently disposed of by flaring."

from the CEO's Report http://www.velocys.com/financial/fr/fr20120921_interim_results_2012.pdf