After reflecting on the qty, I value SLR based on the profitable...

After reflecting on the qty, I value SLR based on the profitable mine, ie the 40,000 plus oz per qtr. I disregard the ounces from the high cost mine until there is evidence that they can get those costs down significantly.
As such I consider SLR basically as a single mine company producing 40,000plus ounces profitably.
Having said this I believe there is still considerable upside in SP, perhaps to around $1.00 -$1.10. However until they get that second mine into a profitable position I don't see much upside say beyond the $1.30 unless of course AUD POG continues to rise by say $100-$150oz.

Despite saying this I am still holding as I see another 30-40cents from the current 69cents.

Please DYOR