Ann: Corporate Presentation, page-31

To put things into perspective, SYR is in discussion about a loan from the US government for an expansion of their anode material facility to 45kt in the US, up to 220m USD which will be a significant portion of the costs of the expansion (but not all of it, and this is deemed even before the completion of their DFS). Someone drop them an email advising EGR can do it for a fraction of the cost or thereabouts built anew, in Australia. All the cost savings must be profit profit profit! Or somebody is being unrealistic about costs of such facilities by orders of a couple magnitudes, who knows?