re: Ann: Silver Lake to acquire Phillips Rive...
Reiner001, I think its a sound move to consolidate tenements when competitors can't afford to finance opportunities. SLR has a strong cash position and our production is set to double and triple in the short to medium term. There is no doubt our cashflow will more than meet any commitments. The gold price has been moving down in in percentages of the base price, so production increases will overshadow mere percentage falls in the price. Remember, price by quantity equals value. Of course the copper and silver credits will also be thrown into the mix. David
SLR Price at posting:
$3.29 Sentiment: LT Buy Disclosure: Held
