There is no question that FNTP is way behind schedule but as I have said for over a year the regulatory process in major resource projects can be unpredictable and often frustrating.
First,there can be no FNTP without full regulatory permission.
Ross and the team can't be blamed for the regulators moving the goal posts.As I understand it the final date for objections to what is the final approval was last Thursday but there is no regulatory timeline for when final approval follows.It could be a week or months.
My guess is that we are very close to full permission to proceed which is a very valuable asset in itself and would justify the current share
price.
There is no question that FNTP is way behind schedule but as I...
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