The problem is that the market does really value EV/reserve ratios. The market appears to value the number of years that the margin (i.e the difference between PoG and AISC accounting for hedging) rather more and in this respect SLR is currently on a par with peers of about 4 years payback at current PoG.
SLR Price at posting:
$1.01 Sentiment: Hold Disclosure: Held
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