In mid-October, after the Mirarr formally confirmed their support for the position taken publicly by Rio Tinto, ERA advised the Australian Stock Exchange that it respects "the views of the Traditional Owners and will undertake a review of its business in the light of their decision".
ERA said it would undertake a review of its business in light of the decision, and was assessing whether an impairment was necessary.
"ERA's failure to contain this fire demonstrates that nature does not discriminate between a uranium mining lease and a world heritage listed national park. This is one continuous landscape and this situation has huge implications for the future rehabilitation of the mine site"
That's a $255 million *half year* loss.
ERA appears to be about $150 million short of rehabilitation money. Rio Tinto has offered to loan it the rest, but only if ERA does not pursue the underground mine.