a great day, page-44

rowing boat the Marxists will be gone next election, they may do some collateral damage before then in desperation to win gay greenie inner city votes. But in the short term at least, which is the next three years, its unlikely in Australia we will see the onerous royalty and tax regimes that other countries are now imposing, I am more concerned about TRY in that regard . I think my SLR $15 price target can be reached in 2 years. If the Marxists do keep power then yes we have a problem , but it will still take a few years of political argy bargy to get anything drastic enacted and I would plan to book some profits before then.

I still hold 90% of my original position, sold some a year ago to get a free carry. Unlikely to sell anymore under $10

Definately costs are a real concern, but I assume gold will rise more than costs, which is why I use a $1500 margin for projections, so at $2500 gold I assume 1000 cost . The copper discovery was a real game changer here because the Murchinson project was not that interesting without it. You would have noticed the minor silver credits in the copper assays and from the KCN figures we know how significant even low silver grades can be .


I think we will continue to be suprised by the degree of exploration success at Mount Monger. The Kalgoorlie gold fields are one of the worlds greatest and these guys are really only just getting into it. The potential is still enormous which is why the 10million ounce resource target is valid. Less likely but possible is a significant gold discovery in the Murchinson

you know my moto, sell strength, buy weakness. Never done it here. SLR is 25% of my portfolio now. Every now and again I take a hard look at it. I question whether greed is upsetting my discipline here, just hoping the price keeps rising. But everytime I go back to the fundamentals and remain happy to hold and endure the correctiosn on the way up. Still I remain vigilant.We know what happenned to market darling DOM.

Its what is not said rather than what is said that counts in this game