MIS
Originally posted by MIStragic:
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You obviously have not done a proper comparison. Today SLR's market cap $238.7m (which includes no debt, $120m in cash and $430m in tax losses), which means that net of cash, the MC is $118.7m (with no value put on the tax losses) compared to DRM MC of $142m with $30m cash and $20m debt = net cash $10m ...... and SLR produces 50,000 oz more per year (50% more), has 3 high grade UG mines and one open cut, and has a very successful exploration program which has extended LOM for probably beyond 10 years. The high (but falling) ASIC has been due to pay as you go new mine development. SLR has much larger reserves and resources by a considerable margin, and you wonder why SLR are pissed with the idea that DRM are the ones being hard done by .... god give me strength.
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Well I’m afraid the market disagrees with you .
I can assure you that I will be watching closely their AISC. I would have expected that in the current climate and the previous years of weak gold prices that costs should have been addressed far earlier
Originally posted by MIStragic:
↑
You obviously have not done a proper comparison. Today SLR's market cap $238.7m (which includes no debt, $120m in cash and $430m in tax losses), which means that net of cash, the MC is $118.7m (with no value put on the tax losses) compared to DRM MC of $142m with $30m cash and $20m debt = net cash $10m ...... and SLR produces 50,000 oz more per year (50% more), has 3 high grade UG mines and one open cut, and has a very successful exploration program which has extended LOM for probably beyond 10 years. The high (but falling) ASIC has been due to pay as you go new mine development. SLR has much larger reserves and resources by a considerable margin, and you wonder why SLR are pissed with the idea that DRM are the ones being hard done by .... god give me strength.
Expand
Originally posted by MIStragic:
↑
You obviously have not done a proper comparison. Today SLR's market cap $238.7m (which includes no debt, $120m in cash and $430m in tax losses), which means that net of cash, the MC is $118.7m (with no value put on the tax losses) compared to DRM MC of $142m with $30m cash and $20m debt = net cash $10m ...... and SLR produces 50,000 oz more per year (50% more), has 3 high grade UG mines and one open cut, and has a very successful exploration program which has extended LOM for probably beyond 10 years. The high (but falling) ASIC has been due to pay as you go new mine development. SLR has much larger reserves and resources by a considerable margin, and you wonder why SLR are pissed with the idea that DRM are the ones being hard done by .... god give me strength.
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