It all goes back to day dot - The DFS that was released after...

It all goes back to day dot - The DFS that was released after the event for the prospectus in the 80c rights issue showed the project was never viable - If the DFS had been released from the get go it would have shown a project that was noncommercial and in all likelihood would never have been funded and the plant never built

Exco were faced with a similar situation and did the smart thing by selling the approved project to the Xmen - W.M had the same option but he had moonbeams in his eyes with what he thought it was worth and even after drilling 300k of cores couldn't prove up a resource to justify his asking price.