SL1 0.00% 0.0¢ symbol mining limited

Mining license approved and mining started.

  1. 6,851 Posts.
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    All systems are go. These guys managed to list the company, drill this, got all the approvals and are in mining within 12 months. Try that out here folks. The base case is for SL1 to produce around $20m free cash flow this year on one of their first projects and more mine life to come with the second deposit well advanced. Final details on the second project are due within the next couple of months and i reckon that will send the mine life right out. Symbol will be one of those stocks that just keeps extending mine life as they keep drilling.
    Great result and the stock is basically trading on a forward PE x 1 down here. Stock might romp this year. dyor

    ps
    They have mentioned that they are looking for more projects and still have 28 other high grade zinc targets to drill on this lease.
 
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Currently unlisted public company.

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