What happens next?, page-115

Hi Uni, yeh just for BAM, the numbers start to get scary when you look at them in AUD, so as not to upset our RNU friends I will use the USD amounts.

Didn’t want to mention the mine capex blowout in case I upset someone, but yeh previously for 105kt concentrate the cost was supposed to be US$79m , now for stage 1 of only 75kt of concentrate the cost has ballooned to US$145m.

But of course it’s not good for EGR either, how much of those types of capex blowouts would be applicable to our BAM project., though of course we use a much lower PSG selling price in our studies so a lot of upside to our study if the RNU prices are achievable.