Yes 107m capex for MAK's side is conservative, i.e. it should cost less than this.
The co. have handed you on a plate an itemised list of costs in the last announcement.
The crushing of DSO will be outsourced. The co. has included this in its opex (opex is less than A$150/t). This crushing equipment would be owned by the operator.
How the outsourcers come by their capital equipment is not material! MAK will ask for tenders and in a competitive market there will be companies that are able to provide the tender.
great announcement, page-86
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