I genuinely surprised this hasn't created much 'excitement' - as...

I genuinely surprised this hasn't created much 'excitement' - as much as you can with a stock mired in the doldrums anyway.

I can only assume I haven't explained it properly.

The EPA Portal has changed from:

Stage 3 to:

Stage 3 'Report and Recommendations in Preparation'

This, and taking into account the EPA onsite visit, means the following if disaster doesn't strike (and I can't see RCF letting that happen)

The EPA review is finished

The report will be on the Ministers Desk very very soon

EPA approval will be granted

Native Title agreement will be ratified and legalized

The project is almost completely 'de-risked'

The rumoured 'binding offtake agreements' can actually see the light of day...


It will also mean that the market can speak on the viability of AVL+ moving forward.

If the market doesn't respond favourably, even in some small way, then the project must be in real doubt (more than usual!)

If the SP responds well (as much as it can with this ridiculous AVL liquidity after poor management by lifestyle boards) then the project breathes new life.

This is factual stuff rather than wondering about Barrambie and Junior Chinese / US delegates who are basically office juniors or 'Agency' assets.

Big week coming up.