Australia's largest stock trading and investment forum Australia's #1 stock forum

SLR

Click for more information

0.00%

$1.57 silver lake resources limited

Just grabbed some more ...I think this is at a reasonable...

First 19 Last

Share
Profile

Follow
fwp

1,651 Posts.

8

27/01/17

10:17

Post #: 22163531
Share

Originally posted by Ophir ↑

Hi Auge, SLR were a dud for several years since their glory days of $4 a share in 2011/12. They have now clearly got their act together, have proven steady state production of 125,000oz + and have kept ASIC from soaring, although it's lower than SAR's and their cash/exploration spend is the same ($45m/$15m) with just over half the production. They're stripping a lot from Majestic and then Imperial so ASIC will remain elevated but then the extra ozs start rolling in. I'm confident SLR bought IGR as a top prospect not a dud. We're all about to see how good it is. I'm guessing 160,00oz+ by early 2018 and 200,000oz+ possible by early 2019. This would make SLR a serious mid-tier again with enormous EPS ... then dividends if they're not take over by a major long before. Imo their resources as IGR are going to prove stunning. High ASIC like SLR and SAR's is bad news when gold is falling. It's great news as gold soars because the profit soars too ... and the share price. They're literally massive money-making machines. So no, no joke! The phoenix is rising.

Expand

Just grabbed some more ...I think this is at a reasonable discount to recent highs and blue skies ahead !

SLR Price at posting: 64.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

There are more pages in this discussion • 1 more message in this thread...

First 19 Last

Add SLR (ASX) to my watchlist