Why would they publish a "conservative" PFS with a 5.5 year payback if they had other viable options? PFS by design study viable options and then recommend a single option to take forward to DFS.
The option this PFS presents is the best option for the Resource as it stands right now. It is the best this asset can achieve without significant investment in additional drilling, engineering and capital to develop a "better" option.The best that the brightest and smartest could come up with was 7% exploitation with a 5.5 year payback. We are told that someone with deep pockets is required to unlock any potential value (if any) from the project.
The fact that it sat here for 20+ months (and counting), losing money hand over fist while in administration tells you everything you need to know... Unfortunately incumbent owners of WMC won't get to share in any future success.
