deferral of underground development at murchis, page-13

A couple of holes in the argument - these are brownfields pits so the strip ratio will be high straight away.

Also there is a lot of talk about a $1300 gold price - remember SLR operates in A$ - of which the gold price is $1400 and only briefly dropped to $1300 a couple of times before recovering.

If a $1400 gold price doesn't justify the development, then it must be a pretty marginal operation in the first place...