you could be onto something there.
I almost forgot about the QLD government change in law regarding environmental rehabilitation. That money right now is not directly available to TER but if they classify under Tier 1 of that new law change, then that money could potentially be available for TER - but I'm not sure in what capacity. I think it is investable and hence they can potentially get some interest on it but I doubt they can use it to pay down their debt directly.
I still do think the liability in their books will not completely go away because they do have to rehabilitate Blair Athol (that's why Rio sold it for $1 because by their calculation - the rehab is going to cost a lot more than $70mil)
Its interesting times. OCP asia holding is around 50mil - they didnt built it for getting peanuts in return.
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