They seemed pretty confident (well their MD did) with his gold...

They seemed pretty confident (well their MD did) with his gold mine at IDC also, which ended up dead in the water after masses of $$$ spent and a lot of hot air.
i.e. they can continue to be "confident" all they like, but I will continue to be ultra sceptical until I see the proof in the pudding.
IMO it's all hot air until they deliver (if even possible) a viable, reliable commercially-scalable processing solution.
...and yeah, a buyout by someone competent is a more likely outcome, imo.