just double checked and seems like stage 2 is only 7m, the bulk of cost being stage 3, my bad
Stage 1 establishes front-end engineering and design activities and progresses with standards development for $5 million.
Stage 2 further develops engineering design to allow for the identification and selection of technology requirements for $7 million.
Stage 3 provides for the remainder of the EPCD services to allow HEC to provide an open-book estimate and offer to implement the Dubbo Project under an engineer, procure and contract (EPC) contract for $34.7 million.
now even more curious why they aren't pushing ahead with it if they have the money
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-33
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