The thing is, a large portion of graphite plays are in Tanzania. Giving up a year, or so, of effort given into GPX over a legislation tweak, is absurd. Especially given the short time between the legislation passing, and now. It would be difficult to do an adequate analysis in that short amount of time, beyond any reasonably straightforward tweaks.
Likewise, by giving up their effort put into GPX, they are basically saying no to the development of all Tanzanian projects, and thereby the development of a large portion of desirable Graphite.
It should also be noted that the expected cost of production had dropped previously, this 16 somewhat offset ascertained reduction.
Simply doesn't make sense for them to withdraw, at this point in time. We will be fine.
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