OIO rebuffs Sullivan mine move, page-27

This, mining on 12ha of Conservation land, was never going to go ahead, probably not even under a national lead government. It is just too sensitive and sounds very bad (even if 12ha is very small). What some seem to have missed is that "The company still has access to about 96ha of reserve surrounding the conservation land that it could develop" - ie a new mine would be permitted (it would seem), just not on conservation land.

Political risk is present in any business and BRL has plenty on its plate as it is... my 24c price target hasn't included any further development (eg Buller - which is already consented).