If you read the report correctly you will find that it states, ... from the modelling;
"Any cross contamination from the coal seams to overlying aquifers will impact on the availability and quality of potable domestic supplies for the central coast."
"Conceptual hydraulic modelling has shown that dewatering of underlying coal seams in the valleys will impact on the overlying groundwater resource, which in turn has the potential to reduce stream flow and impact on the environmental ecosystem. Geological structures and high "
"Environmental impacts to streams through the loss of surface flow caused by lowering of groundwater aquifers have the potential to kill off and reduce stream bank vegetation, trees and the associated loss of species. This impact will be further magnified through methane gas migration away from the well into overlying formations."
"A halt to mining is recommended and no further licences issued in the valleys to allow for a full and comprehensive environmental impact study that incorporates a geological, hydrogeological and geophysical investigation to expand on this study. A key requirement of such a study would be longterm water monitoring of between four to ten years to collect an appropriate level of time series groundwater data prior to any further mining licence assessment by government.
Better to be safe than sorry, IMO"
I was referring to environmental safety, .. not my investment, although CTP is basically quarantined from these scenarios.
As far as shallow water table or shallow CSM activity goes, irrespective, there is the potential to have adverse effect on the Great Artesian Basin water, which has been reported could take years to take effect.(before people are fully aware of the extent of contamination.)
.... and no, I am not an expert in any of this, just expressing my understandings of it.
RAVI
CTP Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
