SLR 0.00% $1.57 silver lake resources limited

Ann: Quarterly Activities Report , page-4

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  1. 132 Posts.
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    Round 4

    Silver Lake versus Hot Coppers

    L. Davis, 2 votes.

    Should be kicking with the breeze from here on in I reckon. The two most costly quarters should now be behind us.

    Mining lower grade ore bodies before hitting the high grade deposits has happened (you can' just leave 6.5 g/t behind) and the removal of waste from Christmas Flats has been completed.

    Production has certainly ramped up which is a good sign, along with the mill upgrade on time and budget. Only a couple of weeks away from doubling production.

    Exploration results speak for themselves and Les is on track to reach his targets by June. Probably another 400koz hidden in Daisy East, Emma & Rosemary which has already shown up in drill results.

    Guidance of 60~70koz/annum at cash costs between $730~780/oz should see us move forward pretty quickly. Especially with $28.4M in the tin.

    Gold Miner Of The Year, yeah of course.
 
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