SLR 0.00% $1.57 silver lake resources limited

fundamentals, page-65

  1. 13,838 Posts.
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    ..and the long term chart below also looking solid still.
    Very strong up trend.

    One more thought from me which should add to the chances of SLR retesting its highs in the next six months at most, and having a good chance of breaking $4;

    Only six months from the 2013/2014 fin year for which 400,000oz per year is forecast making this a serious producer and probably attracting new local and international investors.
    Should also see a div in the new fin year, maybe in the Jun qtr if Murchison commissions well and on budget, otherwise I would think by the Sep qtr 6 months after commissioning seems realistic.

    Main risks would be general share market risk.
    Lower POG, but with $85bill/month purchases beginning this month for QE3, I see much more upside risk than down.
    Also commissioning risk for Murchison but with proven management and straightforward processing, that risk should be below average.

 
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