General Discussion AGY, page-18274

What is there to explain? On a peer comparison basis (AKE), the estimate is US$246m. On a broker research basis (Cannacord), it's $284m. That's neatly in line with the CAPEX figure that I estimated (US$250-300m).

You're also forgetting that the 2 ktpa plant cost at least US$36m (on Gcar's calcs, I have it at ~US$40-44m), and that didn't include the ponds which were built five years ago. Global inflation has been rampant since the initial costings, and we can see this with RIO's 50% CAPEX blowout.

Bottom line, there's heaps of evidence to indicate that CAPEX will be in the US$250-300m range. You just don't want to hear it. Never mind, we'll revisit this once the update feasibility study is released. If you're right, I'll be sure to concede. If I'm right, try to show some humility and do the same.