Pretty good day for SLR. $4.00 seems achievable near term. Entry into the ASX200 list has made a difference.
I use a much higher total tax rate on my valuation of overseas based companies of 50% when I look at possible values in 2014, but perhaps I will need to raise that to 60%. In relation to Australian goldies, if the ALP stays in office there will be higher taxes so perhaps I should assume a tax rate of 45% by 2014 for them.
loki
SLR Price at posting:
$3.83 Sentiment: LT Buy Disclosure: Held
