Hey Joel,
appreciate the spreadsheet and totally agree, past performance does not guarantee a repeat, but.. it helps increase the odds (if I can be so general about it). Plus of course this spreadsheet ignores many other data points which partially explain why some have higher valuations or lower etc.
This is indeed interesting in regards to how other MDs view Sugar Zone.
Hey
@rowingboat - glad I can help whittle away your Sunday arvo!
Regarding Sugar Zone and AISC, hmm... that excludes all the non-sustaining capex, exploration, opportunity cost of even just having $200m in the Bank (almost the cost of Harte if you include all the costs and loss making). If you want a challenge, try and add up the total cost/opportunity cost to SLR to date for SZ. My estimate for just the initial purchase including all fees etc is around $170m AUD. C&A since the shutdown.
Maybe SLR should just sell up the RED shareholding, flutter around with SZ and just all their cash in the bank and pay it out as dividends only from the interest earnings
![confused.png](https://hotcopper.com.au/images/smilies/confused.png)
![rolleyes.png](https://hotcopper.com.au/images/smilies/rolleyes.png)
A question for all.... what will be the precursor/s for SLR starting to re-rate back into the race (so to speak)?