pyke hill - value?

As a watcher of this thread for a number of months now, I've been coming to grips with this small but attractive company and its Gold mining potential. It certainly is looking positive thus far! Thanks for all the valuable insights on people on this site!
Obviously the drilling business has been discussed at length as well, and let's hope that we have some good news in the qrtly.
But, I have not heard much mentioned about CGM's Pyke Hill Project.Their website mentions they have a reasonable amount of Ni and Co and it is a 'valuable strategic asset'. If it is valuable, why aren't they looking into doing something at Pyke Hill? If they want to concentrate on Gold, why not sell it for more capital? How valuable is this project to CGM?

I would love some of your valuable expertise on this matter.

Thanks!