Vendor
I assume you mean there are better stocks in the gold sector
If that is what you did mean - can you name them please ( serious question)
I agree that as gold price falls the pressure on SLR becomes greater due to margin compression which in turn squeezes the NPV of the business on a DCF scenario , however I think there is a point where were sellers become exhausted and the price stabilises . Depending on the gold price this may be a lower than today bit I really can't see SLR in the 20-30s. I think a bottoming in in the high 50s to 60s would be about it
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