This report is one for the purists, and is not written by some analyst who just re-words company announcements.
The site visit in May has yielded a plethora of important information.
The beauty of SLR is that we are producing, receiving AUD$1,500 oz, and proving up significantly more ounces on the exploration front.
No need to incur debt, make hedging arrangements, or punt on put options.
No point having all the gold in the world if you're not getting it out of the ground, and benefiting from all time high gold prices in the process.
Bring on the resource upgrade!
Cheers
$2.96 valuation (5% npv), page-3
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