Denver

Silver Lake will present at the Denver Gold Forum virtual conference on the 21/09/2020.




It would be nice to get some drilling results from Mt Monger which are well overdue along with an update on what exactly their plans are at Mt Belches regarding the open pit they talked about in their resources and reserves statement.

Not sure if further drilling results at Deflector are at hand yet but will be looking forward to seeing if they can strike gold at other prospects in the deflector camp - if they do it would put deflector/rothsay on a path to 10 years of mine life in my view. Given results to date it looks extremely promising.

Other questions are 1) is Andy Well up for sale and if not what the plans for it, especially the mill that is there albeit it is a small one and 2) are there any plans to increase the size of mills at either Deflector or Mt Monger.

There seems to be no shortage of gold in the ground at either site and while their mill constrained model has served them very well, the high gold price low oil price scenario is too good of an opportunity to not mine and mill lower grade resources as well. With prices at $2700, it would be easy to de-risk the required capital investment by hedging 40-50% of any forecast increase in production

No doubt with $300 million cash in the bank, acquisitions are always in play but I doubt we will find out about them until an offer is made.

GLTA/IMHO

Cheers
Sam