Hi westcott,Mate you scared me. That is not what it means.It is...

Hi westcott,

Mate you scared me. That is not what it means.

It is like this... You have to build (or set-up) the whole mining operations from drilling equipment, blasting equipment, continuous digging-mining equipment, hauling trucks, crushing plants, and other processing plants, trains and railways, blending facilities, stockpile facilities, port facilities, loading to the Mother-Ship facilities and the Support Group infrastructures to make the "Whole System" working like "singing and dancing" to spit out DSO (or Processed Iron Ore) to the Mother-Ship - and "hopefully print $$$" as it rolls. Well, that's the whole Idea anyway - print $$$$$$$ as it rolls.

Now, the Total Costs of Designing, Manufacturing, Buying, Fabricating, Installing, Commissioning (or starting to run properly continuously) all those components of the System above - would be equal to the Estimated Start-Up CAPEX (Capital Expenditures). This in the case of the SDL (as Pre-DFS Release level amounting to US$3.36-Billion).

This is the Total Expenses the Project needs to sink in into the remote lands of Cameroon and Congo, before we even see a ton ore Iron Ore shipped to China, and other countries.

So you divide that with the Annual Target Production Capacity and you get a number which usually being used by "Big Time" Investors as a gauge on "How Cheap or How Expensive" to put up the "Complete Mine" to Operate as "Planned" in the DFS.

Mate, Please feel free to ask, for the sake of the other people here who may not understand it fully.

All the time, I am here - with all respects. - RVINTL.