hi brian, this what I came up with: Doray will get a $10 million divestment over 2 years will will now go to the combined SLR Doray group. By the time the merger is completed next year, Doray will have close to zero debt. The deflector mine will produce 37% of the combined gold group, funny enough the same amount the shareholders will get in the merger ! In terms of economics, it is cheaper for SLR to use it's cashflow to invest in Doray projects than invest more at their other operations. The problem with the defelctor is it's short life span, less than 10 years left. One problem that will go away for SLR, its $100 million balance sheet, which continue to be strengthened.
SLR Price at posting:
49.0¢ Sentiment: Sell Disclosure: Not Held
