Question-and-Answer Session
Operator
(Operator instructions) We have a question from Brian Grad with DLS Capital Management. Please go ahead.
Brian Grad – DLS Capital Management
Hi guys.
Jim Hensler
Hi.
Bob Scherich
Hi.
Brian Grad – DLS Capital Management
Would you just reiterate and clarify something for me please, what are you paying for the Envirosafe assets and how much cash are you going to be spending on the South Carolina facility between now and the end of the year?
Jim Hensler
Well, for the Envirosafe, which we look to close on that acquisition later in this current quarter, we would expect to spend a net of about $3 million this year. As for Barnwell –
Bob Scherich
As for Barnwell, if we stop the project today, we would have spent – committed $34 million. So if we continue the project, but placed it on hold as I mentioned at the end of the third quarter, we will spend another $7 million.
Brian Grad – DLS Capital Management
So you got – so you are basically you have got off of your projected spend spent already?
Bob Scherich
We've got half of our projected spend committed. In terms of the actual cash that we have consumed, we have probably consumed about $25 million, $26 million of the $34 million, but there is a lag in terms of paying the bill and so, we have committed $34 million. To get to the six-month point, so to speak, we would have to spend about $41 million. If we continue to operate, continue to construct the plant uninterrupted through the end of the year, we would spend another $8 million beyond that.
Brian Grad – DLS Capital Management
So your actual cash out is $25 million to this point. You're talking at an additional $16 million and then an additional $8 million to get to – so potentially another $24.
Jim Hensler
Yes, if we continue to build out without any interruptions. That is right.
Brian Grad – DLS Capital Management
Okay, that is all I have for right now. Thanks.
Jim Hensler
Okay.
Operator
Okay, thank you. And we have a question from Robert Howard with Prospector Partners. Please go ahead.
Robert Howard – Prospector Partners
Hi, just to check on the $25 million that you said, is that today or the end of the quarter?
Jim Hensler
As of the end of the quarter.
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