MGT 4.88% 39.0¢ magnetite mines limited.

The point about mines (projects) being blocked is very very...

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    The point about mines (projects) being blocked is very very real. The major offshore windfarm SW Vic and SE SOz is a case in point. Major fed govt policy behind this (green, carbon neutral etc etc) but has been cut back by 3/4 the intended size because of environmental risk issues - whales, bathymetry etc, actually many ocean issues.

    Today no project is assured of a green light and the the major orange flag in the Braemar deposit is environmental - this area is very sensitive arid zone country, very beautiful landscapes and easily permanently damaged - restoration of the environment after mining IF it is approved will be a massive hurdle IMV.

    So TF agrees with next2; need to be well on top of potential issues before they shit-can the project.

    Tip...always keep reviewing the potential of a share to get into production on an EIS basis - Economics, Environmental and Social, because the approvals will be given for all components on this basis.
 
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