strategy coming to fruition

Well, after 100 days in the HC sin bin, I am back!

The last couple of quarters have been testing for the SLR share price, but I believe the focus on reinvestment of surplus cashflows to grow the company should make for some nice reading from the Sep 2011 quarterly

Just need to get this vent shaft completed this quarter, and then mining of the Daisy East stoping blocks can put a rocket under the production numbers

Good to see cash costs coming down, and with the focus on capital development over this past "transitional year" we should start to see the handsome rewards of this strategy

A little disappointed Murchison has been put back 6 months, but happy to see Les double-check all the boxes beforehand, to give the development the best possible chance of success

The upside to the delay is we may avoid a capital raising to fund the Murchison, as a couple of ramped up quarters at Mt Monger could provide the funding we need

Still positives galore on the horizon with this stock, none more so than the 4 diamond assays due any day now from Magic, and the bonanza shallow high-grade results that keep coming out of Wombola (maiden reserves anyone?)

Nice report from RBC below

http://www.silverlakeresources.com.au/files/files/254_RBC_Research_Article_April_2011.pdf

Cheers