Great news - a 15% in reserve grade equates to a 15% increase in production for the same tonnage ie costs - that works out at about 18,000 ounces a year or a cool $45 million to the bottom line before tax - plus there’s a further increase of 30% in reserves and 54% in resources.
SLR has some of the highest grade but also shallow underground pits with Deflector and Mt Monger so they will continue to be churning out profits for years to come.
GLTA/IMHO
- Forums
- ASX - By Stock
- SLR
- Ann: Increase in Deflector Mineral Resource and Ore Reserve
Ann: Increase in Deflector Mineral Resource and Ore Reserve, page-5
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)