why invest in slr?, page-45

Fishinnick I would think Murchison is mainly open pit mining whch is lower cost per ton (all things being equal ) compared to underground mining therefore its ok to have lower grades.

Would think the sale price on their gold would be close to 99% fineness doubt if their is much if any silver to reduce dore value so the cost of ozs sold to the Perth mint will be comparable to other goldies.

Would thing at Daisy Milano operating costs per ounce will drop with the increased tons per annum the mill will now be able to produce after its refit, plus with the new ventilation shaft the mill will get fully untilised

Is the share basicly overpriced you ask? I guess thats the $64000 dollar question with any miner the point about them only making $11.8M from 70K ozs is valid although SLR tends to cost its capital improvements in the year they are booked rather than ammortising them over a number of years like most miners, SLR could be exagerating costs deliberately fo certain reasons .