Well in a word No it doesn't. Below is captured 'highlights'...

Well in a word No it doesn't. Below is captured 'highlights' from the Chairmans address at the AGM.
The last 2 years have seen large internally funded exploration and mine development, and despite this SLR remains debt free. These new mines are promised to become cash flow positive in the 2nd half of FY18, and much more of the EBITDA should flow to the bottom line. The P/E should dramatically improve.
I just wish the chairman and MD would sell the story better and more often. Either SLR is on track to deliver guidance and hence a much better PE etc or there's trouble in paradise. Cool Hand insists he's a stickler for the rules and does keep the market informed .... not good enough. The market has the memory of a goldfish and needs to be reminded of a company's story, especially when SP is at variance with value.

Highlights for FY17.
- Gold refined and sold increased 3% to 137,000 oz (1 2 %  ) 1
- Profit for the year was $2.0 m
- EBITDA before significant items increased 23 % to $ 70.0m ( 84 %  ) 1
- Cash flow from operations increased 16 % to $ 64 .0 m ( 117 %  ) 1
- Cash , bullion & investments were up 72% to $ 8 1.5m (123%  ) 1
- No bank debt ($6.7m paid in FY2016)
- Internally funded a $13.2 m exploration program ($28 m – 2 yrs)
- Maintained Resource base of 3.3 m oz after mine depletion
- Increased Reserve 20% to 466,000 oz after mine depletion of 148,000 oz.
- Internally fund ed $18.5 m for development of 2 new mines ($24 m – 2 yrs)
- Completed a program to divest non - core assets realising $15m

1 Denotes 2 - year movement