An environmentally significant decision was made yesterday when the Environmental Protection Authority ruled on the application by Trans-Tasman Resources to mine ironsand from the South Taranaki seabed.
The decision will be made public today and not even the TAB is offering odds on the outcome.
These are uncharted waters for the authority and it has struggled to navigate them.
It is the first marine consent application it has had to consider in New Zealand's Exclusive Economic Zone, which starts 12 nautical miles out to sea, and it is one fraught with uncertainty.
Submissions from Trans-Tasman Resources (TTR), opponents of the plan and local authorities all went into the mix and the authority adjourned the hearing on May 8. The hearing didn't re-open publicly, the authority instead considering other information before declaring proceedings closed on May 19.