All I can say is thankyou to those that pushed the price back down today. So nice to be able to buy back all those shares I sold last week for a paltry 2c extra. The bullish scenario has improved exponentially since last weeks $1.12 sale.
Current Market Cap = $1,060,000,000
RED $141,898,953 ENR $6,365,530 HMG $1,926,999 Cash & Bullion $240,000,000 Concentrates $21,900,000 Stockpiles (sunk mining cost) 130,000 * $1,200 margin = $156,000,000 Total hard assets = $549,091,482
Residual Value for: 3 Processing plants and associated infrastructure 6.1m ounce @ 4.5gt resource 1.35m ounce @ 3 gt reserve Available tax losses $449,000,000
Equals $510,908,518
This places SLR 3 current mining camps current value almost on par with the likes of perennial underachiever Davyhurst (OBM).
Low hanging fruit!!!
SLR Price at posting:
$1.14 Sentiment: Buy Disclosure: Held