In 6 months when we go into 2012/2013 financial year, this stock needs to be at $4.50 to be on a PE of 10 assuming a conservative 830 cash costs. Thats 28% upside in 6 months. A PE of 10 for low country risk, strong growth in earnings for the following year, excellent likelihood of higher resources, excellent exploration upside for years, zero debt and cash on hand. Even $4.50 in 6 months is too cheap.
SLR Price at posting:
$3.48 Sentiment: Buy Disclosure: Held
