lucky bay approval update, page-5

Considering the Lucky Bay community was obviously okay with iron ore shipments moving through their ground and port in the original format one would think the only concerns would be the visual aspects of stockpiles and possible wind-blown dust concerns. However, I gather the stockpiles will be some distance from the town so in all probability there won't be much in the way of objections. I'm sure many of the locals are very supportive and looking forward to increased economic activity. My thinking in terms of 'a few months' was based upon the expectation that the assessment panel wouldn't meet immediately the public consultation period ended, and the fact that no-one in authority ever seems to be in any hurry to finalise these things. Why, I'm not sure. I guess they have to spin decisions out in an attempt to justify their handsome salaries. I'm sure in a national emergency situation such things can be accomplished in a matter of days.

As far as finance is concerned I really can't see that being a major problem. When you consider that many juniors have to raise upwards of $200M to begin production, IFE's needs are small in comparison, and the payback time will be very short. Additionally, the still relatively low number of shares on issue wouldn't preclude a percentage coming from new equity; better if the SP could rise of course, but if the approval comes through then that should happen as a matter of course.