Ann: Thick high grade results at Santa confirm UG mine potential, page-42

So, Hartley's price target of 85c for SLR & 58c for DRM would seem to be conservative ??

Also Hartleys believes that 250koz p.a. to be the base case for the merged entity ..... highly profitable and >A$200m in war chest ...OMG!

A conservative estimate (I've got the combined group SLR/DRM to hit $160+ million cash, no debt at 31 Dec 2019 !)

People forget SLR hedge a lot of gold 134oz at $1726 and SLR/DRM is making over $40 million+ capital investments  ! Intresting thing with Doray is their gold all seems unhedged.