rbc ups price target from 3.50 to 4.50, page-11

This target is right in line with mine for SLR.
It's from the Holst research report available on the SLR website.

"If we used the current gold forward curve and
forward $A/US rates as at 20 September, our
valuation would increase to $6.01/share – double
our base case valuation."

As I have mentioned before, my expectation is for sustainable gold prices higher than $2500 giving me a target of $15 or more. It's just a matter of a few years IMO.