The approval process is a tedious and drawn out process but it's good to see that the board is progressing the project.
Like I said previously, at some stage UMC will need to come to some agreement with BHP since the dewatering issues will need to be dealt with as one.
Whilst I'm on the subject of dewatering, I'd rather see UMC having to deal with too much water, rather than not enough. If they need to go looking for water, that would be a BIG problem.
UMC Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held