Great upbeat announcement indeed... but lacking in detail somewhat.
500,000 ounces of gold produced $650 million capital raised from shareholders $250 million worth of losses delivered to shareholders. $500 of capital loss delivered per ounce of gold produced.
Let's hope the next 500,000 isn't as disastrous.
By comparison. I note that TBR/RND are also approaching their 500,000 ounces of gold produced milestone, but at... $29 million capital raised from shareholders. $158 million worth of profits delivered to shareholders. $330 of capital gain delivered per ounce of gold produced. And I'll bet a dollar that you won't hear a peep out of 'em.
SLR Price at posting:
62.5¢ Sentiment: Hold Disclosure: Not Held