"The final conclusions of The Panel, handed down in March 1999 were completely in our favour, and were detailed as follows:-
1. The panel recognised the Special Use Zone as reserved for future mining
2. The potential of the land based on its natural resources outweighs any other potential use the land may have at this time.
3. The extent of this potential is likely to become evident within the next 10 to 15 years
4. The land is not inherently suitable for residential purposes
5. There is other land available which is more attractive for residential development
6. Bacchus Marsh enjoys a combination of assets and advantages that create a potential for it to become a centre for research and development activity and for large new innovative industries.
7. The Council should develop strategies to capitalise on these assets and advantages and develop this potential."
MNM Price at posting:
10.4¢ Sentiment: Buy Disclosure: Held