you are most likely thinking only the single phase calculations, 3 phase at 70A you still need to multiply by 1.73 to get full KVA. Which is 240V x(70 x 1.73) = 29 KVA
then to get single phase amps is 29.064 kva / 240V if that is what the input single phase is to get 121.1A! So 125% of 121.1 = 151.4A
and can easily double upon start up which gives the motor a large voltage drop if the conductors are undersized, which then drives up the incoming amps which heats things electrically. More heat = more resistance and causes a downward spiral until something melts.
I like to spend my $ wisely once, even if the difference is $7/ ft up to $10/ ft.
Size to the Max load at 60 C, or 75C max normally
T90(THHN) wire is only rated at 60C when exposed to oil, including vapor from the machines.
Also need the derated wire if inside a conduit which ususally requires sizing up one size because of that also.
that brings it to a min 1/0 cable for single phase in.
Ampacity is the maximum current that a conductor can carry continuously under the conditions of use without exceeding its temperature rating. Cerrowire's ampacity chart helps calculate the load requirement for a circuit.
www.cerrowire.com
3 phase out to the machines only needs to be 4 GA Max. and min 6 Ga if its just the one mill.