Hi guys... I am not fully across WKT...trying to do some math's...

Hi guys...
I am not fully across WKT...trying to do some math's and comparisons and forgive me of my lack of knowledge.

WKT are trying to rise $40m USD to build a 40 tpa mine.. a recent ASX graphite company announced a EPC contract to build 240 tpa at $277m USD.

Has EPC contract been issued to WKT to come up with the $40m USD? the math dont appear to be correct, even 1/6 of the size (name removed) it would still cost a minimum $46m USD when comparing sizes, however there would be fixed costs associated with any mine regardless of the size one would assume so typically, the larger projects have a better economy of scale than the smaller mines.

Therefore, if the $40m USD was assumed, IMO i would assume that those figures would be considerably higher, likely in the range of $60m USD +
to actually build the mine.

any thoughts?