comments on latest quarterly

I always try & buy excellent value in any company & as a previous shareholder I am respectful of what SLR have achieved in the last 12 months. Whilst SLR is not my current favourite valued gold company at present, it is certainly on the watchlist & in the top 6 by my ranking for value. Note I prefer to have gold companies with main centre of operations in Australia for risk reasons.
Whilst current shareholders should be pleased with the release of the latest quarterly, I feel there are too areas current shareholders need to keep an eye on in subsequent quarterlies:
1. Grade from Daisy Milano both High grade (11.2g/t to 8.9g/t) & Low grade (2.0g/t to 1.2 g/t) were down on previous quarter.
2. Total costs per mined ounce up $110 per oz. some of which was related to waste development expenditure.
Whilst neither of these items are currently a problem it is worth while keeping an eye on further quarterlies to see grades are restored & costs are reduced again.
Hopefully, both items are bought back on track in the next quarterly.
Regards
Buffett