market revaluation 75 cents., page-123

This is a prime example of why the AISC sticker headline is so often misleading.
Cheaper production?
Silver Lake increased their cash/bullion balance during the June Q by 29 million, RMS by 12 million.






RMS and SLR forward guidance for AISC is basically identical when you account for SLR stockpile drawdowns








Producing the same? SLR low range (260,000oz) production guidance is RMS mid range.






RMS Enterprise Value $763,000,000
SLR Enterprise Value $1,033,000,000

SLR's $273,000,000 higher EV sounds fair for a company that has:
3 compared to 2 operating processing plants,
has 130,000 oz of high grade stockpiles,
is currently generating over twice the amount of cash,
has a much stronger balance sheet,
and requires less CAPEX to continue it's operations into the future.

I did prefer the management of RMS but starting to have my doubts. SLR's management have made better decisions lately, hence the reason their SP has outperformed RMS, most operating metrics show SLR deserves their higher EV.