Ann: Maiden Sly Fox Resource and Exploration Aircore Results, page-8

An increase to ~700,000 ounces of ore reserve seems likely once the new mine plan is brought out (in the next few weeks) loki. The project doesn't have a huge capex so 7 years of reserves would be decent, especially since they've shown an ability to add on incremental ounces through exploration.

In terms of actually producing at <$A1,000 I think they have a better chance than most. The mining is relatively simple, the metallurgy is straight forward and the processing plant is the same as the design that operated 15 years ago on the same ore.

Plus you get a second project with mineable scale and good further exploration potential for free.

This is not a stock that will rocket to $1 overnight from here. More likely a slow burner as project is derisked and they hit their targets.