I don't totally agree with your take on BCG, What it tells me is that they are not to interested in going into production and knowing that the price will not go up very much near term, so they are bring the option price down to bring in the option moneys. Also indicates that this company may move sideways for some time.
Management does not seem to be working with a progressive plan of action. another way of saying it is the same old thing for another year.