Thanks Sunburnt, I was at another AGM in Kal as well (MRP) and it came up in conversation that mills are becoming like hens' teeth. In that regard Les had the foresight to acquire what we needed at very reasonable costs. Estimates are that once the upgrade is completed to Lakewood it would be worth $100m on the market. Prod will shut down for 9 days in Dec to finalise the last of the modifications and then full steam ahead. Apparently anyone with milling capacity around Kal is being hammered with requests to treat other company's ore. Once again this will keep SLR a step ahead of the pack. If we need extra capacity down the track, I'm sure Les will already be working on the next deal. You're right about Magic, I think there are so many crackers going off for them at the mo, they can lie low on Magic and then come out with a great ann down the track. I was stoked the way Les made a strong point about Hollandaire not being the best target, just the easiest and he said confidently that other conductors will have higher grades. And then there's the gold credits etc etc. Lets just enjoy this once in a blue moon ride. Who knows where we will end up.
SLR Price at posting:
$3.44 Sentiment: LT Buy Disclosure: Held
