Ann: Investor Presentation BMO Conference, page-17

The project shape seems to be - hitting dates consistently, keeping info flowing to stakeholders consistently, finding incremental additional income opportunities on core solution and, with DSO, innovative opportunities that may increase income significantly. All very positive. But the dark cloud above it all is the clear inability to control project costs. I realise that this is largely driven by the current market/environment, but it is not all sweetness and light guys, and this is a serious issue.
Every review point has required a significant increase in funding requirements (PFS to DFS was $325m to $473m ($538m with the increase in scope). The capital raising and credit facility with Ford combined to provide $763m which was contingency piled on contingency and now only 3 months later, that has been blown out of the water and it now stands at $895m. I wish they would be a bit more transparent on this and more specific on the causes and what they can do about them.
My other point is on the DSO opportunity. It will be great if this is a go'er, and it was a pity that Tony did not provide a timeline for completing the assessment, and also a pity that nobody asked him for one.
I remain optimistic, but a little more cautiously so than others on here appear to be ...