I don't see that they have made any serious misstep. The new management have had to walk Mt. Morgan through the necessary, technical, financial and regulatory processes. It's not clear to me that it could have been done significantly better by the new team. The previous (RB) management picked the current management to deliver value from Mt. Morgan. Current management appear to be highly reputable with a good track record that was seen as investment worthy by our GR engineering partners. If the big picture showed that more value was available by changing the plant location, then" them's the breaks" and it will pay off in the longer term. Certainly there are risks, however the proven economics margins, employment and environmental benefits mean this has a lot of weight leaning in CRB's favour.
It seems like in the next 1-4 weeks everything will be getting to the pointy end: sink or swim.
Environmental amendment approval
Finalise bench top/lab process proofs
Complete title transfer
Announce plant funding arrangements
Xmas 2017, 2018, 2019 or Never, page-28
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