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SLR

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$1.57 silver lake resources limited

It's not a joke... It's a legal scam as long as no one formally...

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Jeanlucecuyer

304 Posts.

113

21/05/24

15:02

Post #: 73936440
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Originally posted by quester: ↑

Comparison of this quarters earnings for SLR and RED

SLR

Last quarter

Quarterly production of 64,967 ounces gold and 349 tonnes copper (66,268
ounces gold equivalent with sales of 64,463 ounces gold and 338 tonnes
copper at an average sales price of A$3,110/oz and AISC of A$1,522/oz.

▪ Cash and bullion of $342 million at quarter end (excluding $31.1 million of
gold in circuit and concentrate on hand, at net realisable value). Underlying
free cash flow for the quarter was $58.1 million.

Assuming the gold sales will be approx $3500 anf the production may be approx 55k ounces then the cash generated = 77 million
EPS =( (58.1 +77 ) x 2) /940 - 100 million (expenses for corporate, drilling and mine expansion) = 18.1 cents per share
Say a fair industry PE ratio of 15 = .181 x 15 = $2.71RED
Quarterly gold production of 50,132 ounces (Dec Qtr: 53,018 ounces) at an all-in sustaining cost (AISC) of
A$1,926/oz (Dec Qtr: A$2,328/oz).
Gold sales = $2780 / ounce
Net cash of 5 million at the end of the quarter
Full year = 20 million.

Consistent production and cash generation underpins a decision to increase the growth capital spend to $50-
53 million for FY24, primarily on accelerated waste stripping in Stage 2 of the KOTH open pit, de-risking future
ore supplies.

Therefore, the net cash for RED will be -30million for 2024
No PE ratio can be applied

If the mine expansion plan doesnt proceed then

20 million / 3200 million shares = .625 x PE 15 = $ 0.09375

$2.71 verses $.09375

Check my math.....am I missing something????

This is not a merger of equals, its a joke

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It's not a joke...

It's a legal scam as long as no one formally objects !

And even if we cannot hope for much from ASIC and J. Longo, apparently no one has contacted them to file a complaint in this affair which does not smell very good, except for Tonkin and Co...!

SLR Price at posting: $1.61 Sentiment: Hold Disclosure: Held
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0 Great analysis

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