re McPhillamey it's a coin toss. I can easily convince myself it's a good project but I have no feel for if and when it will proceed I met a relative if someone close to the site and likely direct beneficiary She said they were optimistic which you would often be.
These days the politics of mine development are huge barrier. I have been spending time in coal mining areas to take the temperature of local community. A lot of the objectors are disgruntled, jealous, failed or non viable farming families who are really "farmies" ( my new term for lifestyle farmers who enjoy driving around in Ute's and talking weather and stock prices.
When the produce is grapes or stud cattle, look out. They have time to maintain political influence . Real farmers too busy running good businesses, paying down debts or on leasehold tenure, often owned by "farmies".
Objections related to changing Water Table levels are often spurious or fictitious. The biggest plus of McPhillameys project is the water pipeline from Mt Piper.
Hopefully the jobs and development trickledown will be considered by regulating panels under steadying hand of Dominic Perottet.
RRL Price at posting:
$1.92 Sentiment: Buy Disclosure: Held
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