Does anybody know why SLR doesn't try and increase the mill capacity of Randalls. Given they have 1,127,000 tonnes for 49,000 ounces in their stockpile (1.2g/t) why don't they use that to underwrite a bigger mill. 49,000 ounces is worth about $110 million at today's prices.
Given they have found significant bonanza grade intercepts at new prospects Tank and Tank South and with BRB just up the road surely this would be worth considering.
Processing the lower grade open pit ore is slowing down output as higher grade underground ore can't be put through the mill - it's a good problem to have but with gold at $2200 an ounce, and almost 4 million ounce resource surely they could look at expanding the mill.
GLTA/IMHO
SLR Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
