The application is for 20 years of ironsand excavation across an area of 66sq km up to 35km off the coast of Patea.
TTR has pointed to the economic benefits of the underwater mining, and emphasised the safety of its operation while predicting minimal environmental impacts.
It has probably overstated the economic argument, while a safe operation is all very well until something goes wrong.
Opponents of the scheme have been more alarmist with threats to beaches and sea life - it is the nature of opposition to talk up the dangers.
The unfortunate fact is no one can be sure what the impact will be, or whether that impact will be immediate and manageable or something that may only come to light in many years time.
With so many unknowns, the cautious and sensible approach might be to refuse the application. But if TTR does get the green light, the conditions must be thorough and exacting.