Hey 1for1 Couple of points to your comments - sure, gold price...

Hey 1for1
Couple of points to your comments
- sure, gold price is up $180 [without sp improvement] ... but 2017 EBITA was only $2m. Further gold price movement from this point will leverage the marginal position.
- "share price has been going down". Yes it has, but has stabilised well at 30-40. If cash goes to $80m in 2018, this provides huge floor
- "get costs down to $1000". "Get rid of the board"... Cmon mate. There just motherhood statements. That's not the root cause or solution. It's an outcome. Reality is undergound mining gets more expensive the further you go down. Sometimes huge work goes into keeping a cost flat. Actually the best strategy is find multiple gold centres that are closer to surface (for now) with higher grades, to sustainably bring AISC and help use a composition strategy to smooth AISC results. Plus all the other benefits of lengthening mine life and adding resource security
- Africa is a basket case. Some good money to be made but it's a higher risk. Not comparable to WA and Australia at all
- once balance sheet is strengthened with solid cash in bank, it would be more advantageous to try and increase production by another 100k ounces per year
- if you rcan as my historic comments, I am a firm believer in gold going up. It will need to go up and stay up for at least 6 months for insto's to get comfortable. Investment will come from OS. There will be Fx benefit
- USD is in trouble. I predicted gold would maintain current current price through FmOC. It should rise steadily although uS will try and manipulate dollar for a while
- I still predict $1400-$1500 by y/e 2018
- I still predict 45c a share by May
- I still predict 70c-$1.20 within 18 months
- SLR has historically been a basket case. But with firming balance sheet, multiple mine centres, increasing gold price, this is in an excellent position
- don't forget we should see an AISC improvemt of $50 this half. That's not peanuts