As for the explanation - the NPV was not sufficient enough to risk raising money for the capex required.
What is different now is that the copper price has almost doubled since then, so has the resource, and there is a major player owning ~10% with a director on board. The resource will be a mine, its a matter of when and built by who. I think this will be taken over in the next 2 years.
As for the explanation - the NPV was not sufficient enough to...
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