I'll wade in and point out that the Planning Minister's last name pretty much sums it up CL.
This is not the first sub-economic mining project that the QLD gov't has publicly backed and its probably not the last. Adani coal has similar project status.
A 1.4B investment, particularly one that has to rely heavily on ill-advised gov't funding, and based on falling Ni-Co prices, still looks very unlikely.
The pollies are out there trying to convince regional voters that they are creating jobs in the midst of a faltering global economy heading towards their respective elections.
The forecast surge in NI-Co demand, based upon the world's auto companies papering over their bad diesel engine investments with a spate of hurried EV promises, has not eventuated and new hydrogen technologies are emerging as a more sustainable transport alternative in the long run.
The up-rampers here can keep dreaming and bragging about their strong trading histories while the share price has dropped 65% this past year.
Reality check,
P
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