Hi guys, Just realized in my post above i made a fupar, i stated:
"Not so much Gold price affecting this than expectations of production costs i would imagine, posted recently i expected last quarters costs to come in around $1280 AUD per ounce ($1279 was the figure i got from assumptions i used)"
The figure i got for my assumptions for production cost (AISC) was actually $1179AUD on a previous post based on a best case scenario, can't wait to see the quarterly, if costs come in under $1200AUD for the DEC quarter it would mean we never even came close to just a breakeven quarter.
Gold price is over $1400AUD now which should mean some pretty strong cashflow coming through for SLR, should be making $1m profit per week at the moment unless something has gone wrong. Can't wait to see that debt free announcement!!!
Ps: my opinion only based on my own research and maths skills (which can be pretty ordinary) DYOR
SLR Price at posting:
57.0¢ Sentiment: LT Buy Disclosure: Held
