corachapi estimates

I'm looking for up and coming U producers to invest in with proven resources. Does CTS fall in to this category?
I understand why Range disposed of Corachapi due to other interests, etc, but why has the MD recently resigned when the company states it's aim for production is end of the year?

Andy-J, Is it possible you can provide some explanations on why you hate this stock?
Because based solely on their resource estimates and production time frames, the stock looks undervalued to me.

However, I don't think the MD resigning is a good thing.

Are there other factors involved?
Over-estimated resource?
Dodgy dealings?
Political Issues?
Legal issues?
?