lord spesh you wrote "So, yes there is risk but imagine the...

lord spesh you wrote "So, yes there is risk but imagine the upside if production went to 600,000 ozs and the profit margin went to $600. We would be talking about nearly a $1 per share."

what comes to mind is the old joke "If"my grandmother had balls she would be my grandfather

No point Imagining things that are very remote - eg 600k production and 600 dollar margin, it's similar to me saying imagine if ORG sold 3 times the gas at twice the margin - what price would it be ?? My point Is apply a Nealry 2.5 x increase in production and a 80% increase and margin to most companies value and they would be worth multiples of current price

Btw - I am not bearish on SLR , simply stating the variability over margin at a time when sentiment in the sector is weak is likely to keep price down and makes valuations that one would apply in a normal stable price environment highly subjective and variable