…to buy the Mercedes mine from Equinox, as announced December 17th:
On the announcement, this humble corner of cyberspace got the deal commentary done in just five words, “Mining is an expensive hobby”. Since then we’ve learned from reliable South Peru sources that the 2022 budget for BCM’s flagship Corani project has been cut to a minimum, with all 2022 efforts and cash planned for the recently acquired white elephant in Mexico. BCM shareholders must be happy campers; owners of a permitted and shovel-ready development project that nobody wants, and now sponsors of the bottom line of Sandstorm Gold.