I agree re recent grades and production and spoke to Les about this a while ago. He expects average LOM grades to be well above recent grades and reserve/resource grades support this. The company will be valued on LOM production not on one or two quarters. What the price does from here depends on whether or not the market allowed for this (as you have suggested they have done with the recent price decline) and also on whether the instos will sell long term holdings on results from a quarter or two or whether they take advantage of the recent decline and add to positions now that the info is public.
SLR Price at posting:
$2.96 Sentiment: Buy Disclosure: Held
