In case anyone new interested here is a link to the latest optimisation study.
Dubbo Project Optimisation
Total $1.678B (note: exchange rate assumed at 0.75%) so with inflation add another 15% approximately. Low $AUD worse for capital but better for selling product. Funding should be sorted very soon.
The above optimisation was for oxides only, prices down but downstream value add like production of alloys and metals are a huge value add that is not factored in.
Ann: ASM receives US$600M ($A923M) Letter of Interest from USEXIM, page-72
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