I am not as close to the nuances of BRB as you clearly are - for me it has all the makings of a solid medium term investment which should see the share price improve in time which is why I am still a shareholder.
The share price is below my average at the moment but I don't think the share price adequately represents the value of where BRB is at and what it has at the moment.
At the end of the day the market sets the price so that is what it is and probably reflects a view in the market that a drilling program is all well and good but some indication of a pathway to exploiting what they have is what the market is looking for before BRB will get any "love"
Your observation that the pit would not have been defined if production was not intended is valid - though as a shareholder some indication of the Board time frame even if only aspirational would be welcome.
BRB Price at posting:
20.0¢ Sentiment: None Disclosure: Held