$20M in 2013 money to increase Randalls mill throughput capacity from 1.2Mtpa to 1.7Mtpa:
Google "Silver Lake resources cost to extend Randalls mill"
Interesting...increasing capacity by ~41%. Now 41% of ~180K oz pa = ~72K oz extra pa for capex of $20M
SLR would suddenly become a 250K oz producer plus grades would probably be higher and costs lower due to economics of Lakewood on CM and Murchison the same. Would any expansion mean Randalls would have to be shut down completely in the interim?
Only guessing doh!
Doing nicely today...up 3c 5.6% and 56.5 nearly done!
SLR Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held