Surely it is because underground is significantly cheaper than open pit when you are mining narrow veins as MNE are.
If at some stage in the future an on-site treatment plant is developed i am sure they will revisit the open-pit discussion.
It's exciting times at the moment, if the bulk sample (or first 5000t if they choose to do a whole shipment) has economic grades the operational and market outlook would change very quickly!
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