If you go to MetalsX website you will see they had 3 monster projects. The Renison tin mine, the Nifty copper project and the Wingellina nickel-cobalt project, which is the largest undeveloped nickel-cobalt project in Australia. These projects are huge and for MetalsX to service them all would be of enormous risk to the viability of the company. To put it in perspective it has already had over $60 million spent on it.
So they concentrated on the tin, sold the copper and vended the nickel-cobalt into another company and listed it. So they still retain a large portion to the upside but have left it in very capable hands in Rod Corps and Warren Hallam who are both previous MetalsX guys so they know the project very well.
NC1 Megathread, page-38
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