THE Tasmanian Conservation Trust, which is fighting Gunns pulp mill project in court, is refusing to declare the controversial project dead and buried.
The trust is mounting a Supreme Court challenge against the pulp mill, arguing the permit for it has lapsed.
Trust director Peter McGlone said the permit remained an issue regardless of Gunns' financial position.
``The future of Gunns has no bearing on the legal status of the pulp mill permit,'' he said yesterday.
``Gunns today could sell the permit to another company who may or may not be able to fund it and build it.
``If they went into bankruptcy the administrators can sell that permit on.''
Mr McGlone said the trust's legal challenge would continue in an attempt to stamp out the possibility of any company using the permit.
``It can be fixed by a decision of the Supreme Court, which is what we're seeking, or it can be fixed by the owner applying to have the permit revoked, which I can't see happening,'' he said.
``Our hope is that we win and therefore the permit is found to have lapsed.
``Then we're talking about an end to the pulp mill.''