"Toro has now been advised by the Federal Department of Sustainability, Environment, Water, Population and Communities that the Minister, the Hon. Tony Burke, seeks more information on: ‘The potential impacts if there is an inundation of water; the impacts on water resources; and the safety of the proposed burial depth (of tailings) after project completion given erosion, vegetation or burrowing of invasive species.’ The Minister extended the timeframe for his decision until 31 March 2013 but advised at the same time that he hoped to make the decision well before that".
Rather interesting re the inference that "he hoped to make a decision well before that"! Lol, one must remember that the hurdles that had to be achieved by the company to satisfy all the State Laws, By-laws, Environmental impacts ect etc, had already been satisfied including months of opprotunity to propose arguments or request explanations ..... in my view, Minister Burke 'dropped the ball' on this one (and to think I actually thought he had an air of credence...).
Oh well, I guess his money is safe ...but only until the next election IMO.
OZL Price at posting:
$5.94 Sentiment: Hold Disclosure: Held