I'm a big fan of SLR as everyone knows, but unfortunately I now think all the upside to the current share price will be delivered from POG rises and resource upgrades.The current share price is already about 80 to 90% reflective of the production profile Les has been telling the market through his investor presentations. This profile includes the Murchison production.
So not as much as a no-brainer as it used to be. Same goes for all the junior goldies in my opinion. They are all now a POG play, whereas previously after the whole market correct, there was the production upside as well which the market wasn't factoring in the share prices.
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Simon Kidston, Non--Executive Director
Simon Kidston
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