Hi,
Maybe is something wrong with that.
I really don't know...I've tried with new 2.0.3 version as well, but same scenario at the end.
P.S. Did you read/watch my Agisoft Forum thread called "AGISOFT METASHAPE 1.8.5 SERIOUS PROBLEM FOR GEODESY PURPOSES"?
What's with that? I send you data from my project over that forum, also via email.
Best regards !
J.K.