SSW, Now the Commonwealth has approved the ML, it is only the EIS that needs to be closed out. Which is a process of coming to arrangements with the six objections. All very close now. Obviously CS could either back out totally, lower the risk, or get an increased margin for the same risk.
With Europe moving towards negative interest rates (Will cost CS to hold money in the bank) They desperately need to find homes for cash that offer a return at reasonable risk. Unfortunately, this will also drive the AUD up while we can offer 3% for bank deposits.
Now BND has Commonwealth approval, Springsure Creek is now worth something. Don't be too surprised if CS is actually looking to find a new home for Europian bank deposits.
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