Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-132

"SLR were only a few quarters away from being in trouble."

Get your hand off it champ.

SLR has almost $500 million in liquid assets plus two very high grade underground mines that are minting money hand over fist for at least two more years before further exploration. Santa Fe and Cock-Eyed Bob is soon to ramp up again not to mention these exceptionally high drilling results that aren't even in reserves.

Any other CEO would have put out a press release about these but not Tonkin.



I agree Sugar Zone needs clarity but at with gold at $3000 an ounce its at worse a break even prospect. Red has an EV of a million - SLR's is half of that. Red is the winner in this not SLR shareholders. Oh and of course Tonkin who gets to shaft two lots of shareholders instead of one.

GLTA/IMHO