It is easy to calculate the cost of these delays. The production process is delayed, which increases project management costs. In addition, production costs will increase due to inflation. We calculate the costs by year and convert all these years to our base year, 2021.
If we delay the production process, there will definitely be higher project management costs. Production costs will be a bit higher because they will be spread over more years. Inflation will increase production costs.
The production process takes four to five years. Then we do the conversion and generate our cost for our base year. For an additional year, we will pay more management fees. Also, delaying production will cost a bit more.
This is how the calculation is done. We calculated that a one-year delay would cost us $200 million more, and a two-year delay would cost us a little over $400 million more. That's how we did the math.