it'll never get environmental approvals because of the existence of Muchae and VRX. very difficult to make a "low impact"argument when a few km to the east is an existing monster mine with a 100 year mine life. Not to mention Vrx will have already soaked up a good chunk of the rail and port capacity. then finally, any power they want would likely need to be across and from VRX existing gas lines.........
even if it did get up, VRX will be a 1 billion MC company and if they were worried about it they could just by them out leveraging the above mentioned points to twist their arm on price.
in reality how many nearology plays actually get up, very few in my experience...... generally its an attempt at chasing buzzwords to keep the exec salaries ticking over.
Further, its taken 5 years for VRX to get here..... it'll be a problem for who ever buys us out next year.
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