This has been their headline sell from day 1 and nothing will change until construction starts (because then it becomes almost a certainty). Even then, the electricity market is moving into uncertain times with the rise of renewable energy, the sell case for the hydro power is based on cheap overnight coal power and no guidance has been provided on the operation of the facility post-coal (15 to 20 years in the future of course).
It definitely has a place beyond coal more so than it does now, but this hasn't been communicated to investors very well.
GNX Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
