No mention of the water rights issue at MCP! Useless sell-side analysts clueless as usual: "uh did you get some more positive feedback from the Department?". Go read it yourself! This is literally your full-time job that you get paid $500K a year to do...
Anyway Jim's response was fairly uninspiring "still working through the last of the outstanding questions" and "we haven't received a flat out no and don't expect to".
The increase in the capex guidance for MCP was just bringing forward work from FY22. Some preliminary engineering work to finish the design feasibility study and some other prep work that the IPC likes to see started for permitting.
No mention of the water rights issue at MCP! Useless sell-side...
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