"Current cash say $16M
adding say 7.5M per quarter...
if the company stuck with DM alone they would have around $77M in cash alone in 2 years or so...."
Nev,
Current cash + gold bullion is $14.5m
$7.5m is profit before tax
expected cash flow min $2m/Qtr
Source: pg 24 RIU conference presentation
SLR stated that they will be breakeven for their DM mine by June09. So I started counting their networth from June 09 onwards for the next 5 years.
- dont really care about buyer to seller's ratio
- industry comparison (DOM) is supplementary to my investment tool, but SLR still didnt fit my investment criteria
"Current cash say $16Madding say 7.5M per quarter...if the...
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