2.1B with contingency, quoted at peak inflationary period.
If you work in the industry, you will know that the price of material/equipment and logistics are decreasing.
I'd expect 1.5-1.6B w/out 10% contingency as final CAPEX. Even less without some of the bs costs they got in AFS.
When you say '5.5% of RIO', actually makes it sound a lot better. Continue with the GDP comparison for your argument sake.
GM, LG and POSCO should be providing debt facilities to cover the CAPEX for Phase 1 and 2, page-34
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