the markets response to management, page-5

An example:

In this 26th. October Boardroom Radio presentation we were told the initial DSO Stage One Capital was $12 million to $19 million. (Depending on selected port option.)

There is also mention of debt financing expected to be available which will be a positive if say 50% of the amount needed is debt financed.

http://www.brr.com.au/event/69963/wilcherry-hill-project-feasibility-update-ian-finch-executive-chairman

However, here we are in the AGM Presentation one month later and we are told that DSO Stage One Capital will be $23 million. So what has caused the jump from $12 million to $19 million?

http://www.hotcopper.com.au/asx_announcements.asp?id=242765