Having a bit more time to digest the quarterly report. SiverLake now is a medium size 135,000oz gold producer for 2015. The market cap could be less than $200M at the current gold price if compare with the similar margin medium producer like KingGate.
Keeping this in mind, one could likely to see the SP to revisit the mid 30c again if gold to test the last bottom of US$1,242/oz... So hedge your exposure well, and prepare to ride out and other cycle...g'luk
"Guidance – Year Ending 30 June 2015 Guidance for FY15 gold sales is 125,000 to 135,000 ounces of gold. Ore feed in FY15 at Mount Monger Operations for the Randalls 1.2mtpa mill consists of the Daisy Complex & Cock-eyed Bob underground mines, the Wombola Dam open pit and surface stockpiles."
SLR Price at posting:
44.5¢ Sentiment: None Disclosure: Not Held
