risk now gone with lyc, page-18

vvg26,

I agree with your list of risks, but why would you say that location of a permanent PDF and possible procurement of site is low to medium risk?

For me this is one of the highest risks for several reasons:

1. AELB provided LYC with 10 months only to complete this task and completely dismissed LYC's research into commercial applications for the waste;

2. LYC has already had plenty of time to do this yet didn't submit a solution in their application to the AELB. Perhaps this means it isn't an easy task?

3. Any proposed site will be subject to all kinds of ill informed objections from locals and greenies trying to scupper the LAMP. Let's face it, the PM of Australia said we would not take back the waste in a knee jerk reaction to the initial noises from the Australian greens ... in another example, Sydney still doesn't have a second airport despite plans for one for 20 odd years;

4. The AELB's language explicitly mentions that the AELB may cancel the temporary license and not allow LYC to re- apply. In fact the implications seems to be that in the event of a license cancellation Lytnas will NOT be allowed to re-apply. At a minimum this indicates to me that the AELB takes this requirement very seriously.

FWIW I don't consider commissioning to be high risk, any glitches can be overcome ... to me the main risks are those that will see the LAMP shut down, primarily long term storage and the possibility of industrial sabotage...