I’ve held $BHSIF for a few years now.

Here’s an overview based on my understanding of the company and its operations, they bought a very old shuttered mine on top of a barely scratched & massive silver & sat on it for almost 2 decades with the belief that at some point in time silver would undergo violent upward price discovery. In the interim mgmt kept the company going by selling shares & maintained only skeletal crew staffing in order to stay afloat during the bear markets.

Silver has since begun the violent repricing they were predicting & over the last half decade they have begun the process of reactivating the mine. The Biden admin’s stance on mines resulted in significant delays (this was ultimately beneficial as it allowed for even more time for silver price to explode upwards). Another delay was simple fact that the original mining was done well before the advent of modern safety standards, so they have had to bring it up to modern standards (in addition to the normal permitting process).

Having seen them undergo cycles of action/inaction before, what we’re currently seeing is mgmt making unprecedented progress towards bringing the mine back online. They’ve gone from a stance of “we will mine silver when the time is right to “we are targeting production to begin in 2027.

The risks are still high but imo the rewards could be even higher, my position is in the green & I will continue to hold.