Perhaps it has to do more with our own expectations and those of managements opposed to anything going wrong. This board is (and we can all be a part of it, including myself) overly optimistic at times. It may be that nothing has "gone wrong" but the time we thought (on the board, and that management thought) was reasonable, was in fact not a reasonable length of time for a quality level BFS for a project of this scope.

One thing I've considered lately is that comparing the time it has taken for our BFS to be completed and reviewed compared to others is that well...for the majority of the industry, PFS/BFS have been inaccurate and have had cost overruns. Comparing the time it takes for our BFS to those of other companies (who may then later run into problems later opposed to having them now) isn't a fair comparison. And because we plan on selling the company as soon as we have a BFS, we can't just deal with those problems later on; we have to make sure whoever we're selling it to is getting a quality project.

When you're writing a test or an exam, and there's the kid who finishes before everyone else while you take the full time for the exam - you can't compare the time it took for him to finish and you to finish. In all liklihood, you're gonna have a better grade. In the same way, we should have a better grade.

tl;dr the comparison to others might not be fair because others haven't had totally successful plans.