I respect your analysis, as always but, this is Argentina.  Where are they going to be able to process this ore?  It would take years to build a plant and they obviously don't have the money to do that.  The only thing that might make sense is to drill, pray for extremely economical results, and then sell it.  But, once again, that takes a long time and a lot of capital. 

Back to my point, they should never spend money drilling anywhere but Rodeo, only where they can produce.  Even that cost could have been delayed 6-12 months in order to report positive earnings and retain them.  If that had followed that discipline, the company would have made money in 2021 and the stock likely would have held up better this past year.  But, leave it up to a Geologist to want to drill and ignore the share price.

Silverbull50