INR chart thread, page-289

We also need to consider the following:

If the plaintiff wins the court case and the plant is listed as endangered, how will this impact Ioneer. A few possible scenarios:

1) BLM still issue mining permits but with conditions on how the mine needs to be constructed to avoid Tiehms - win win
2) BLM no longer issue permits - financially significant to Ioneer

I imagine that should option 2 occur it will be significantly material to Ioneer. I would then imagine Ioneer would pursue a legal avenue itself in terms of suing BLM. This would be on the basis of:

1) Issuing mining/drilling permits to Global Geoscience when a plant species exists on the land that is classed as endangered. Failure to list the plant in 1998 would have result in non-pursue of said permits and thus not resulted in financial losses to Ioneer. OR
2) Issuing mining/drilling permits on land that cannot sustain a mine.

I remember reading reports in 2016/2017 that said the plant was not of material importance and would not impact the mine site.

We have 3/4s of a billion dollar market cap riding on the mine getting approved, not to mention all the future financial costs the state miss out on with this mine not proceeding.