New Alderan Resources research, page-16

Fellas I'm feeling a little confused.
Have been watching AL8 since listing and yes, feel like a complete duffus..
I'm an old Syrah holder and jumped on when Tolga was an unknown and the stock was 0.16.
Rode it all the way to $6.00 on the speculation Glencore were looking at the company and then bailed when Kehoe did at $3.50..
Can someone please explain how and why if the historical drill results were so good, how did Tolga and company pick it up for such a cheap price.??????????
How does a stock with excellent historical results and being a porphyry deposit list for a $40 million market cap.
Why did the previous owners let it go so cheap?
Why did the previous owners not mine the deposit?
The copper price at its low, was still at a level, supportive of an economical mine.
Thanks in advance..

Lute