In hindsight, the CR was a decent move. Scott was protecting the downside as he knew how the SS would be received by the market at this early stage.
I personally thought we had a very profitable operation even at the concentrate stage with the disseminated mineralisation. I was wrong, it turns out the economics at current prices are not so hot without the downstream JV or enough massive sulphides to significantly improve head grades.
So, now, the market is patiently waiting for either of these two upsides to materialize and further derisk the operation.
BSX Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
