gold is up hit $1350 overnight, page-48

The gold market seems to have forgotten that March is the worst month for the POG with a negative return since US gold trading was allowed in the early 1970s.

It has put a rocket to the goldie strugglers, which includes SLR.

If this rise only relates to the Crimea issue then it will be reversed in the next few days/weeks.

It looks like I will not be buying SLR at 40 cents anytime soon. There seemed to be a possibility this might occur earlier today, but it is gonski for the near term.

As a remainder of what Sir Less was promising on Murch costs only a year ago, see slide 10 of his March 2013 presentation

http://www.silverlakeresources.com.au/uploads/pdfs/company-presentations/ASX322_-_Mines_Money_Hong_Kong_March_2013.pdf

Those costs were never going to happen but were promised in the past despite the fact that industry costs had already risen a lot.

Sir Les has to prove himself again. I do not think the funds managers will believe his costings without some historical proofs that he can achieve them. The brokers and MacBanks of this world will try to steer the smaller retail investors away until then.

SLR is now mostly for traders to have some fun.

loki