Ann: Bowdens Silver Project Appeal Proceedings Outcome, page-26

Pretty much dead in the water. They can appeal to the high court but it’s pretty clear from the judgement that the IPC acted improperly. Failing an appeal they will have basically go back to the start of the approval process but following this judgement the microscope will be going over everything. The economics of the project were dubious at best prior to this, now when you have to tack on a new approval process plus the inevitable conditions that probably should have been there in the first place then the silver price would have to be a lot higher than where it it now to make sense.