What you say could aptly be applied to deflector as well. A well...

What you say could aptly be applied to deflector as well. A well run company needs both a decent resource and good management. One has hard numbers, the other on paper and unproven.

SLR management is nothing to be praised about but they can still deliver on Mt Monger. I think over 900k Ounces at Mt Monger grading a minimum of 6g/t (measured and indicated only) is plenty of cream left.

If what you are saying is true (ie increasing shareholder value via exploration) then this is seriously the wrong market to do it in. Explorers are finding hard even to raise capital for programmes and are battling for survival. Hoping the next drill hit will raise their shareprice high enough for another capital raising of which the only real winners are management who continue to get paid.

Producers who are still profitable such as NST/SLR/MML can still scrap by and even turn a profit if they play their cards right.