the facts, page-8

There goes loki01 again... lecturing SLR about using ASIC when his holding MML doesn't even bother using ASIC. They bloody use cash cost only for goodness sake?

And what is this about AISCC and AISC? They are the same thing?

"H1 FY14 EBITDA of A$38.8 million with all-in sustaini
ng costs of A$1,016/oz"

The quote above was taken from the presentation recently and is half year only. Full year should come in about 60-75m EBITDA.

It WOULD have been an issue if SLR was reporting in cash cost terms only.

"I thought that beyond the next 18-24 months production that SLR would need to do a fair bit of capital development at Mt Monger and exploration (eg upgrade resources into reserves)."

Why do you think the company raised 39m with 24m going towards Mt Monger development?



To be honest, if you are an investor and not expecting Murchinson to be losing money then you are dumb. The whole point of investing now is that you expect the cash drainer to be closed soon and sustainable profits to follow from Mt Monger.