Marvin D Freeman & Dennis E Stover

Table 3: Smith RanchProject costs.

	US$ million
Central processing plant	5.7
IX recovery plants	5.8
Water treatment & disposal	1.6¹
Wellfield drilling & installation	12.1
Mobile equipment & administration facility	2.7
Pre-production technical expenses	4.0
Pre-production administration & overhead	5.2
Working capital	4.1

Total project cost to design production level	41.2²

¹ Does not include US$1.2 million of project expenditure deferred to 1999. ² Roads, utilities and some buildings were installed for the underground mine and their costs are not included.