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The last lifeline for Gabriel Resources Ltd.’s controversial mining project in northwestern Romania went dead on Monday, after a parliamentary commission voted down a draft bill which would have allowed Europe’s largest open pit gold mine to move forward.

The rejection of the draft bill, which would have finally set out a course for development of the mine, came after 14 years of waiting for permits amid mounting political turbulence.

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The news sent the Canadian mining company’s already-depressed stock down 10%, or 9.3¢ to close at 82.7¢ on the Toronto Stock Exchange Monday.

Jonathan Henry, the chief executive of Gabriel Resources, however, said he was “confident” there could still be “a potential path forward” for the project.

The draft bill specific to Rosia Montana was rejected, he said, but Romania may go forward with a general gold and silver mining bill which could leave the door open for Gabriel’s project, he said Monday.