For all intents and purposes Great Cobar and Peak mill expansion FIDs are a formality.. they have made this much clear regarding the economics. The major hurdle they need to jump is not an economic one but a regulatory one… and I suspect that as soon as the permits come in for the plant expansion (Cobar shire council) and additional haulage (dept transport?) then they will pull the trigger and get to work. Well I am assuming they come though… but they’re taking their time.
Ann: Change of Director's Interest Notice - Brazil, page-19
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