On the plus side the Environmental Court timetable seems to roughly match up with the Supreme Court decision that is due. If I understand the process correctly, after this (if positive decisions are received) RF&B have nowhere else to go.
The risk, as I see it, is a brokered deal (as enforced by the Environmental Court) that hamstrings production in some substantive way.
But I still think this is a good buy, crazy-cheap at these prices, and that this project will ultimately be a big success for all concerned (including, most importantly, the environment of the Denniston Plateau as a whole).
BTU Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held