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clock Created with Sketch. 13/06/18
10:21
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Originally posted by hotdiggeydog
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I think the Ann is a positive for the future of the TIVAN process and it is encouraging that one of the largest NZ businesses has realised the potential, but that is what TIVAN is at the moment - potential. TNG still hasn't even submitted the draft EIS and from past experience with the mine EIS and timelines ( if you can call them that) provided by management then this might be another drawn out process. I know that they are different kettles of fish but how can shareholders trust the BOD. TIVAN is way off even being approved let alone constructed either in the NT or WA as BBI are still in the infancy of there own mine, seeking approvals etc.....
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The more I think about it, I would be extremely pleased to see a complete shift towards developing Balla Balla first and just bottom drawing Mt Peake right now. It just frees up everything that is holding TNG up (approvals/offtake/finance), allowing more time to get those things completed while also 'proving up' TIVAN and defining what the royalty structure (second business model) would truly look like. If it is half as profitable as we're all hoping, then that can only be a major positive when trying to attract investment (or finance) in TNG for Mt Peake down the track. Even moving the refinery for Balla Balla to Port Hedland or Malaysia could only be a positive in my mind. I think we're all equally jack of the NT Gov and Land Councils...
(20min delay)