To SLR Management, page-160

Company Value
In an article in the German business magazine "Wirtschaftswoche" about gold mining shares
https://www.wiwo.de/finanzen/geldanlage/rekordjahr-fuer-gold-warum-minenaktien-bald-wieder-glaenzen-koennten/29585028.html
the shares of Agnico Eagle Mines are viewed particularly favourably because they stand out from Barrick and Newmont in terms of the legal security of the production sites, production costs and gold reserves per share. Agnico's gold reserves climbed from 0.09 to 0.1 ounces per share between 2013 and 2022 despite a significant increase in the number of shares. According to Silver Lake Resources' current annual report dated 30 June 2023 (info according to AI), the company's gold reserves amount to 1.2 million ounces. The shares outstanding as at 30 June 2023 amount to 379.7 million. This results in a value of 3.1 ounces of gold reserves per share.This corresponds to an increase of 11% compared to the previous year. The increase is primarily due to the acquisition of the mining company RED 5 in 2022.
Accordingly, SLR's share price would have a dramatic need to catch up!