Ann: Quarterly Activities Report, page-33

Quick take:

$370m in cash
$130m liquid investments

Mines
- Deflector producing 32k ounces a qtr at $1400AISC (295k reserve) - LOM 2-3yrs (probably more)
- Mt Monger producing 27k ounces a qtr at $2100AISC (640k reserve) - LOM 5-6years (probably more)
- Sugar Zone on C&M with a big resource and lots of exploration upside (this will come back online once they drill it out more)

Mkt Cap ~$910m

Their cash and investments alone is more than 50% of their mkt cap? And they will be building on that pile for at least 2 more years just based on Deflector and Mt Monger (and would be getting around $15mP/A just in interest on their cash pile!) And then you throw Sugar into the mix when it comes back online (which I think it will).

I'm overweight SLR and glad I bought more when it went into the 80s...... but anything under $1 feels a crazy bargain..... I know they made a meal of the SBM situation.. but that's gone... DYOR.... then fill your boots people!