Still a positive ann misunderstood by the market. Economics of running Randalls flat chat at 1.2M tpa at a higher grade with probable option to expand (done before) outweigh trucking lower grade ore to Lakewood with the inherent transport and milling costs.
If they could average 5g/t at Randalls times 1.2M the annual production would be >200k oz at a cost/oz MINUS those of running Lakewood (transport of ore, running mill).
IMHO this will further enhance the positive cashflow position and reduce production costs/oz. This will be reflected in future balance sheets on top of what should be a good Q in about 2 weeks time, IF IT'S BROUGHT OUT around the same date as the last one.
SLR Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held