Overrun costs They identified the costs overrun to be up 246M$. Although, those forecast are based on actual practices and management. By upgrading their system of controlling each construction details, they can easily improve efficiency so make important savings. Here is why the overrun costs may be cut by a big %.
Last MD&A again: https://www.bajamining.com/static/financials/BAJ_Q12012_MDA1.pdf
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''The Company expects to appoint external financial consultants specializing in performance improvement to review, among other things, cash and cost controls.''
'' The Company is reviewing the updated cost projections for accuracy and is exploring the potential of various options to defer or reduce costs.''
''A third party engineering firm is being retained to critically review project management practices and systems while management is in the process of engaging an international firm to undertake a thorough construction audit. Management expects to introduce additional controls following the review of its current project management practices and systems.''
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With better management and a reviewing of all construction elements, this is not too late to optimize the path to walk thru. I'm sure without counting to defer non copper circuit, IMO saying that they can cut at least 25% of those 246M$ overrun costs is conservative.