Exploration DependencyAnalyst indicates future valuation relies on continued exploration success, so failure to expand resources would weaken project economics and investor confidence.
Liability ExposureAnalyst warns that the company would assume all of BHP's liabilities tied to the San Manuel property, increasing potential financial and environmental obligations.
Technical And Permitting ComplexityAnalyst warns that the need for multiple technical reports and detailed studies will extend the development timeline and raise uncertainty over project execution.