a catch 22

So where to from here for SMI?

Do they continue to expand expenditure towards production in the face of such regulatory uncertainty? Surely corporate governance principles would limit such a proposal. But then on the other hand, the existing support has largely been bought and a complete mothballing of the project risks losing the significant support gained thus far. Perhaps a balance will be struck and current commitments will remain funded and things such as land acquisition, and studies for the power station, will be put on the back-burner.