slr annual financial report, page-4

No significant surprises in the report guys. The profit was already flagged.
That profit is nothing compared to the profit likely once Mt Monger is fully ramped up (200,000oz per year) and Murchison reaches steady state (100,000oz per year). 2014 will be the year when we see the big profits.
And assuming the merger goes ahead, add another 100,000 min ounces from IGR assets, but more likely to grow to 150,000oz.
We should be seeing 400,000- 450,000oz by 2014 (merged entity) compared to 83,000oz sold in 2012 (for SLR).
Solid balance sheet with cash and no debt, profits to grow strongly and sustainable for 10 years with strong growth options to extend mine life.
Dividend likely in around a year IMO.
Top management, proven business.
POG in a long term uptrend.
Costs should be contained or might even fall as other commodity projects including major projects (Olympic dam and major iron ore expansions) are put on hold easing pressure for services and wages.