loretta pricing john louise based meeting kevin dave earlier today understand would like breakdown expenditures expected develop texas coal plant point monetized best estimate developing brownsville site get monetization point permits hand epc contract signed expect epc contract permits hand time around sep 02 start expenditures mid july 01 expenditures incurred rate approximately 350 000 per month next 12 months back time prompt month plus one additional month committed costs florida site similar however expenditures start achieve site control recommendation start fully developing brownsville tx site plan flip site permit market conditions warrant recommend holding significant expenditures florida get comfortable site control mitch 9 02 000 option land lease 33 epc contractor preliminary engineering 300 owner engineer 1 200 permit filing consultant etc 800 detailed engineering 1 400 fuel transport study contract 200 geotech studies 400 total 4 333