I posted this on the ABU thread earlier because a significantly...

I posted this on the ABU thread earlier because a significantly higher POG is very important to any company with a very large low grade deposit sitting amongst its higher grade assets.
SLR is also now sitting on a new lower grade resource after finalising its new acquisition and that asset will benefit (with greater leverage than the high grade assets) from a higher POG.
Not nearly as much leverage for SLR but a higher gold price will obviously still be very significant not just for the valuation but for sentiment.
Jim Sinclair has a good reputation and in this link he is calling for a move from here to $3,500.
Imagine where SLR will be if Jim is proven to be right.
We have been hearing predictions for a big move for up to 6 months or so, but maybe the time is now near.
This correction in POG has lasted longer than the last big correction during the GFC.
Despite this and a still relatively high POG most gold stocks are still way off their highs.

http://www.jsmineset.com/2012/07/03/the-rig-is-up/