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05/02/26

09:19

Post #: 82719775
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Originally posted by zendada: ↑

For those I have on ignore:

"Sunday Creek could be a McPhillamys 2.0" meaning

AI Overview

Comparing the Sunday Creek gold project to a "McPhillamys 2.0" suggests it faces, or is at risk of facing,
major regulatory, environmental, and heritage-based roadblocks that could derail or severely delay its development, despite having significant geological potential.
Here is the breakdown of what this comparison means in the context of Australian mining:

1. The Context: What happened to McPhillamys?
High Potential, Stopped Late: Regis Resources' McPhillamys project was a major, approved gold project ($1B+ value) suddenly deemed "not viable" in 2024 after a federal intervention.
The Cause: Federal Environment Minister Tanya Plibersek issued a "Section 10" declaration under the Aboriginal and Torres Strait Islander Heritage Protection Act, protecting the headwaters of the Belubula River, where the company planned to put a tailings dam.
The Lesson: Having state approval is no longer a guarantee; final federal heritage decisions can kill a project right at the finish line.

2. Why Sunday Creek is "McPhillamys 2.0"
High-Grade Prospectivity: Like McPhillamys, Sunday Creek is recognized as a major, high-potential discovery (highlighted among Australia's top recent discoveries).
Regulatory Risk: The implication is that because these projects are located in sensitive areas or involve complex land-use disputes, they are prone to similar last-minute, politically charged, or heritage-driven roadblocks.
Investor Uncertainty: Calling it "2.0" highlights the fear that shareholders could see another multibillion-dollar project evaporate due to bureaucratic intervention after years of investment.
In short, it means: Amazing resource in the ground, but terrifying regulatory risk.

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Never read so much garbage in my hotcopper life before leave it alone and just talk about your penny dreadful.
please!!
NAG Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
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