It just seems like BRV has lost a lot of time with endless project redesigns, meanwhile the Brazilian mining boom has pushed up equipment prices and created huge wait times to secure drill rigs. That means the delayed cost estimate will contain some unpleasant surprises, the exploration assays are distant, and there's clearly still a lot of work to do on water. BRV remains a call option on gold, but a rerating (other than via big gold price increases) may be getting further away. I exited my warrant position, as I think there may no longer be enough time for the project development story to play out for the warrants. The shares would be the prudent vehicle from this point, imo, as you can simply wait out the gold price.
BRV Price at posting:
30.0¢ Sentiment: Hold Disclosure: Not Held
