Thats my view too Germanbloke. Delays in approval and distrust of green politics has left investors, me included, to factor it wholly out. Sp should build from here on other developments.
As to prospects, my view is the further a project gets away from Melbourne, Victoria the better its chances of not being greened out. The State of NSW is okay west of the Great Divide mountains. There are other major mines in the vicinity of McP. As other posts have cleverly noted, the financial impact of covid shutdowns is going to out a lot of financial and jobs pressure on NSW to approve. If so it will be a bonus and possibly the catalyst for a full breakout of share price.
ps I enjoy reading your posts, keep up the good work!
Thats my view too Germanbloke. Delays in approval and distrust...
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Last
$2.49 |
Change
0.090(3.75%) |
Mkt cap ! $1.881B | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.51 | $2.45 | $11.01M | 4.429M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 171517 | $2.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 43782 | 5 |
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| RRL (ASX) Chart |