I'm assuming that implies that cost is something they will know...

I'm assuming that implies that cost is something they will know once SMS wrap up their FEED package.

"Upon completion of the FEED program, SMS group are required to submit a binding fixed-price, lump-sum turn-key EPC Proposal for the Concentrator and Processing Plant. TNG’s management team has successfully negotiated for SMS to prepare a detailed proposal for delivery of the project, with both process and product guarantees to be provided as part of a fixed-price EPC contract"

Having SMS onboard for both Mt Peake and the refinery is the best news I've heard in months! Especially if they go all-in with EPC and product guarantees as stated! Couldn't be more advantageous from a ECA perspective either. I think that any risk of an increased CAPEX will be fully offset by the guarantees that SMS will bring to the table.