I was all in when SLR was 15 cents. I thought it was a " no brainer" and an absolute steal. Then it hovered between 13.5 and 15 cents for what seemed an eternity. It broke up to 30, then down to 18. Archetypal " wall of worry" story. I agree with Brinvestor about the comparison in sentiment between SLR and SAU. I would add that SAU has far better fundamentals than SLR, vis a vis, taking into account their respective market caps.
The thing to remember that SLR had a 5 bagger with only " business as usual" type, change in fundamentals ie nothing changed that much that shouldn't have already been baked into the cake. SAU needs to catch up, in this comparative sense 3 fold by simply proving it's viability to the market makers. The low SP of many good mining companies were priced like the market had considered them not viable (SBM, NST, NCM, RRL, GOR, SLR and many others). This is what the market is essentially rating SAU at the moment. All of those companies survived and SAU will too. Successful addition to production and reserves will be SP fuel on top of the 3 fold re-rating it requires to catch up to its peers for proving viability alone.
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