RE:Time to Look at Silver Standard Resources (T.SSO)You may have a surprise last quarter, but there is no denying the Q1 and onwards forward-looking forecast for 2017 without Pirquitas will be unenviable to say the least. What is the cash cost for processing those stockpiles again compared to mined ore? What was the company's net cash flow resulting from Pirqutas again? Markets tend to typically value forward looking more than historical.
The way I see it there are two choices. Either playball with the Argentinian gov't and pay the taxes and agree to the Chinchillas JV (not to mention the fact that you get to keep the 18.2MM underground high grade veins), or give up on the option altogether, go find another gold project mine/mill somewhere and pay a hefty premium given the renewed interest and prices in the precious metals market, especially for silver.
Don't really know what SSRI is waiting for, but hey, at this morning's silver prices and the fact that silver is seen as a industrial and precious metal, it seems to me SSRI might not have as much wiggle room as one might think.