predicationsThey over spent by $55M and still not complete That is over 50% of the original estimate.
"Final forecast project cost (including demobilisation) US$155M"
"Jervois expects to commence commissioning the plant at ICO in September 2022 with first ore through the mill in October 2022 and sustainable, full rate ore processing now forecast by February 2023. 2 With detailed engineering, procurement and commitments all over 90% complete, final forecast capital expenditure to bring ICO into production has been revised to US$107.5 million (from US$99.1 million), an increase of ~7.5%. Project construction has experienced cost pressures due to the significant United States inflationary environment, which has been compounded in recent months due to contractor shortages, continued delays in the operability of an accommodation camp at site, and poor weather conditions across May and June. Due primarily to weather related delays affecting site installation, the accommodation camp will now only be operable in August."