IPO - QEM Limited, page-108

Hey old Timer, you forgot to mention this section "New oil shale proposals are likely to involve trials of unproven or potentially experimental retorting or extraction technologies. The pathway for considering these proposals will be via a trial and then a staged approach towards full commercialisation. At each stage of proposed development the risks and proposed management approaches will be identified, considered and assessed via an Environmental Impact Statement (EIS) - under either the Environmental Protection Act 1994 or the State Development and Public Works Organisation Act 1971." This is restrictive enough (you dont get these proviso with coal, gold, straight vanadium or any other deposits in QLD. You also seem to forget that this was set down by Campbell Newman's government. Rightly or wrongly, the current labour government, which relies heavily on Green preferences is a different kettle of fish. Maybe you might see cash flow in 2030? Of course IMHO, please DYOR.