Ann: Noosa Conference Presentation, page-71

In so far as inflation affecting the DFS, I will argue that it shall be minimal.
KPMG would have already completed the boq (bill of quantities) which is rated snd supported by both contractor, design, engineering and authority fees.
The BOQ would have been prepared in line with finance terms (those terms would have been provided by the financiers in their letters of offer and notably a contingency (usually between 5-10%) is added at the end for circumstances such as these.
It may be that when Qpm goes to execute finance the banks require some repricing of some major components (plant / construction) dependant on those offers but likely they shall require a very minimal increase (let’s say 3-5%) in contingency.
I am not saying it is not an issue but factor in the nickle / cobalt increase in spot price and well…make your own decision