SLR 1.97% $1.82 silver lake resources limited

AISC's will be updated I suspect in the half yearly and the...

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  1. 303 Posts.
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    AISC's will be updated I suspect in the half yearly and the following key bullet point from the latest announcement  strongly implies that the new reserves development has been already paid for (meaning that its costs were one of the reasons previous AISC's were so high .... because SLR has a 'no debt / pay as you go' policy for all exploration & development) and hence future AISC's should be significantly lower (all other things being equal.).
    • The proximity of the three currently defined Aldiss deposits allows for the shared utilisation of mining equipment and mining centre infrastructure, which is largely complete. There will be no pre-production capital or mobilisation costs to support development of the Karonie mine
    I suspect that the IOUSA uncertainty is weighing heavily on the POG and as the end of year approaches most entities (other than certain Hot Copper posters who always seem to have cash to buy more of their favourite stock ....) most entities are in hold & hope mode till the IOUSA holiday season is over.
    Look at GCY WAF CDV DCN GOR .... all are off recent highs, some very significantly. Only RED5 (me bad) seems to be defying the trend. But then again RED5 is even more undervalued by the market then SLR.
    Perhaps if Cool Hand would do a Board Room radio interview or the like and really spell it out ....
    Or he could announce to the market that if SLR SP hasn't double in a year he'll walk butt naked backwards around Kalgoorlie to celebrate the winter solstice  ..... its one way of getting the bare facts.
 
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