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Wizard of Windsor's avatar

Oak, this is a good take. I clearly mentally overindexed the size of holding BSRT has in Silver X so thank you for pointing that out.

With regard to costs, the company has revised how they calculate these (is this chicanery or even, dare we say it, trickery?) Quarterly G&A went above $1m last year, yet somehow under the 'new methodology' this was magically transformed into only $407k. This makes me nervous. They have also been diluting via placements - another red flag in my book when costs are out of control and they have a bloated management structure.

In the current Gold/Silver environment, you can get away with this, but ultimately we must ask whether the team is good enough to deliver consistently on its growth plan. We must bear in mind that there is so much that can go wrong with a mine, and even the very best teams have their setbacks. Has this team got the minerals?

I'm of the view that I'm better off sitting this out. But a very good post and I think you make some great points in the company's favour Oak.

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