General Discussion AGY, page-16940

Imo I don’t think our costs, from the 2ktpa plant to the 10ktpa expansion, will blow out by more than double on a capital-intensity basis ($/t-capacity).
Rio’s estimate more than doubled in circa 12 months… tells me their initial estimate was sloppy. They are new to this game.
They are fat and rich; they go to head office and hold out their hands for more $$….
Puna are lean and experienced; they are building something from scratch and it is make or break.
As for costs, we have recent “actuals” to go by.
What will happen when Pablo hits “x5” on the purchase orders…?
Plant and equipment costs from our various suppliers haven’t doubled afaik. FX rates largely offfset local inflation, for labour and local contractors/equipment.
Rio Rincon will be an interesting case study imo, for a giant thinking this new game is simple.
Good luck to them; remember the co they bought Rincon from apparently had the process sorted circa 5 years ago…. Apparently, but seemingly not.
Time will tell.

imo
Dyor