Serious Cat, I would say check your facts instead of venting your spleen. Maybe you have a personal axe to grind! If you believe SLR has mislead the ASX, report them for a serious breach of ASX reporting rules and let us all know the result. You are leaving yourself open, with statements like that. Please read the following, you may be better informed.
From SLR's Sept 2012 Qtly
"In the Murchison, Silver Lake is developing a second gold mining operation for a low capital outlay of A$65 - $70 million with multiple mines feeding a central processing facility. The project is progressing to plan with first gold production on track to commence in the March 2013 quarter ramping up to 100,000 ounces per annum in 2014".
From ASX Announcement 25 Oct 2012
"Silver Lake Resources Ltd (“Silver Lake”) is pleased to announce that mining has commenced at the Murchison Project (refer to figure 2). In the Murchison, Silver Lake is developing a second gold mining operation with multiple mines feeding a central processing facility. The processing facility is currently 75% constructed and first gold production is on track to commence in the March 2013 quarter ramping up to 100,000 ounces per annum in 2014. The base case production plan has ore being sourced from 14 open pit and 4 underground mines. The first ore production (refer to figure 1) was mined from the the Genesis deposit which was discovered by Silver Lake in March 2010 and is planned to be fed to the mill following commissioning and feeding of the existing low grade ore stockpile".
SLR Price at posting:
$3.22 Sentiment: LT Buy Disclosure: Held
