It certainly could, benji. Most mines have some kind of setbacks in getting approval. I don't know what the odds are, but I read the NZ PM is in support of the mine. That won't make much difference to the hearings, of course.
I guess this share could be like an oiler or a biotech- people might flee before results come in. There's always risk, and the kind of article you linked will be coming up all the time before a decision is made.
Meanwhile, I watch like a hawk- smashingly huge volume today again. I wonder what it all means.
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