"...slr quite easily came out the best value for me and my simple reasons were that it has no debt and has closed its loss making mine at murchison. mount monger will be producing 160-170 ounces at cash cost of about $1000. plenty of good profits coming from this mine. gold grades are high which i like at around 6 grams per ton underground and 3 grams from open pit. with a market cap of $220 mil its cheap compared to its peers. i like the single mine operation at mount monger in this low gold price enviroment as all the focus can be put into lowering costs more easily like nst did at paulsens."...Courtesy of poster Blackfrost (today)!
...And for good measure toss in all that potential from IGR which is yet to be realized (cock-eye bob,majestic/imperial etc-list goes on )Not a cent would have to be spent on further exploration-just development.
company decisions, page-61
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