Anybody know what this all means about the dividends is this a play on numbers I know an increase on reserves is great but a decrease in SP and market capitalisation of SLR isnt.
Im trying to work out what market capitalisation per resource ounces means ?
Dividends The second of these topics is dividends. Silver Lake did not pay a dividend in FY2017 because as I said at last year’s AGM, we believe investment in exploration to increase and improve our reserve base and overall life of mine is the best use of our surplus funds and will deliver superior returns to shareholders in the long run. This philosophy has not changed. Silver Lake has worked hard for two years to cut costs, pay off debt, increase working capital and strengthen its balance sheet. As an integral part of this two year process, which is ongoing, the Company committed significant funds to our exploration effort in order to improve both the quantity and the quality of our resource and reserve base at Mount Monger. In recognition of our exploration efforts our market capitalisation per resource ounce has increased from $14/oz in 2015 to $70/oz in 2017 and our market capitalisation per reserve ounce has increased from $85/oz in 2015 to $507/oz in 2017. The Board is therefore of the clear view that at this time continuing to improve the quantity and quality of our reserve base by careful use of surplus funds provides the Company with the best investment optionality.
SLR Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
