some basics - sdl vs. fmg, page-36

I guess the only part we don't really see here is what FMG's final CAPEX was. Don't forget they had to immediately expand capacity as funding ran short and they drew on extra $$ to complete the initial stage/start expanding.

Great posting RVINTL.

This CAPEX scenario is also used by BHPB/Rio Tinto etc to evaluate if an expansion project is worth going ahead with. I'm not 100% certain what range they consider acceptable however I believe it is in the order of US$100-$150/ extra tonne of capacity.