Earlier I wrote that the last quarterly was not great, but within expectations, and I have been wondering if they could do Murchison without a cap raising from just the added revenue from its upgraded production. The answer has come in No.
Given that management recently sold options which valued the shares at $2.65, I assume that the new buyers will also want a significant discount - say $2.80-3.00.
But as you say, SLR has done wonders in its first 4 years for shareholders who bought low and hung on.
Did you get any more insight at the conference into the copper deposit that could be shared here? Potential size, possible annual production?
loki
SLR Price at posting:
$3.54 Sentiment: LT Buy Disclosure: Held
