This is excellent news!!

Jalbiglog,

I'm involved in the building industry and it sounds like Legend does not have any hurdles facing them in getting the development approved.

Development application in March is I believe for land use/zoning approval. The site is zoned industrial so the use proposed by Legend for the fertilizer plant is an outright allowed use, its in the bag. People can complain but this is approvable since it meets the local zoning code. They are required to hold public meetings to inform neighbors of development. To prevent the development the locals would need to appeal not the LGDI project but the local zoning code itself and that is very!!! expensive & lengthy process so not likely at all especially considering local government support with all the job creation. A lot of times miners will need to get a conditional use or apply for change in zoning to get a pant through.

Key elements of this LUR application is getting water use & transportation approved. Transportation will increase trip counts but they meet this by doing some additional development near the site (new lanes, shoulders, etc) or by paying into the dept of transp. fund to improve crossings etc. Can't really comment on water use rights since its a local issue. They might be imposed limits on groundwater or aboveground water usage.

They will still need to apply for actual building permit a couple years down the road. This will be a much quicker and straightforward process and not as important as the land use/zoning approval. For building permit, they will use most likely use pre-engineered metal buildings which means very quick preparation of permit/construction drawings, quick review time, and very quick construction time. The fabricator literally punches in some dimensions for the building and prints the drawings 4 weeks later, 1-2 months review time at the city, and the fabricator literally prints the actual structural parts (automatic cutting) some fab, then gets delivered to site and the parts are assembled in just a couple weeks.

The other very key process will be environmantal approvals.

Planning, permitting, & set-up is what takes time. Once everything is in place the rest will be a blink of an eye. Its amazing to me how the market is undervaluing this. I think its because this interview/story is in a local AU paper not Forbes or CNBC.