and if your bet goes wrong? Trading halt, voluntary suspension. Lose all your capital. It is all about risk/reward.
SBM has 2 money losing operations potentially triggering a capital raising at any point.
It also has a huge debt issue which increases the chances of it going into voluntary admin.
End of the day it boils down to enterprise value. SLR stands to be around roughly 170m producing 150-200k ounces. SBM should be around 400m+ producing at 400k ounces.
At least SLR can do a turnaround story at these gold prices. SBM can't. Higher gold prices are just a bonus.
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