Common sense: It the profit picture.In this arena with the current flux in the general market earnings is most and fore front. It is about the preservation of capital.
FR story, while it looks very "promissing" has a negative connotation.
Cash cost is $6, silver price is $20. That should translate into ample profit with +1Moz production and growing. Problem is mine infrastructure development cost which eats all of it. End result is no profit, -ve net earnings, bank balance declinning and no dividends yet. The only growth is in share holders assets and it comes with depreciation. That part is only goo on a mine sale/take-overs and bankruptcy fillings.
What is an ivestor to do ?
This is not a 'buy and hold' unless you are a die-hard and looking 5-year down the road. There aren't many in that camp ... not me ... yet.
Ride the momentum and trade it until the infrastructure is completed and then it will be all about profit per se & dividend income. Until then ... GLA.
Just a thought.