I'm assuming that implies that cost is something they will know once SMS wrap up their FEED package."Upon completion of the FEED program, SMS group are required to submit a binding fixed-price, lump-sum turn-key EPC Proposal for the Concentrator and Processing Plant. TNG’s management team has successfully negotiated for SMS to prepare a detailed proposal for delivery of the project, with both process and product guarantees to be provided as part of a fixed-price EPC contract"
Having SMS onboard for both Mt Peake and the refinery is the best news I've heard in months! Especially if they go all-in with EPC and product guarantees as stated! Couldn't be more advantageous from a ECA perspective either. I think that any risk of an increased CAPEX will be fully offset by the guarantees that SMS will bring to the table.
