Ann: 2012 Annual Report , page-11

if this was such a good project then they should have just released the initial findings of the BFS (which should have been complete)so the investment community could start valuing the company more accurately. Then the additional scope to the BFS could be used to highlight the upside

my guess is that the economics werent as good as hoped so they have gone back to the drawing board

no wonder it has been sold down, disgraceful that this wasnt announced earlier, could have sold out at 13c