Good explanation, Scott. Lego example for 24,000bbl/d Algar expansion is easy to understand. My granddaughter said, she finally have got the idea.

Because some posters still are unconvinced, here is the company official statement:

...Connacher anticipates it would require approximately one year from
approval to finish the Project, assuming the Project is completed as one 24,000 bbl/d module, at an initial estimated capital intensity of approximately $25,000 per flowing barrel of bitumen....

The Project could also be completed in consecutive 12,000 bbl/d modules over a longer period of time, at a similar estimated cost per flowing barrel, if circumstances and economics warrant.

24,000bb/d X $25,000 = $600 million

PS. Price of bitumen is still dropping (low of the year).

Dil-Bit October 19 price was $47/bbl (about $35 bbl of bitumen).