OK, with the water license, this is how I understand it.
CCU's original intent was to pipe in the water from off site. It was found that a viable groundwater source existed on the property and the CCU could avoid this expense by installing a groundwater extraction bore, at a significant cost saving.
If the water license is not granted, the project may be delayed as the piping is rolled out.
As an aside, the terms of the mining lease have been issued to CCU today! (One more critical item down)
CCU Price at posting:
86.4¢ Sentiment: Buy Disclosure: Held
