All I can say is thankyou to those that pushed the price back down today.
So nice to be able to buy back all those shares I sold last week for a paltry 2c extra. The bullish scenario has improved exponentially since last weeks $1.12 sale.
Current Market Cap = $1,060,000,000
RED $141,898,953
ENR $6,365,530
HMG $1,926,999
Cash & Bullion $240,000,000
Concentrates $21,900,000
Stockpiles (sunk mining cost) 130,000 * $1,200 margin = $156,000,000
Total hard assets = $549,091,482
Residual Value for:
3 Processing plants and associated infrastructure
6.1m ounce @ 4.5gt resource
1.35m ounce @ 3 gt reserve
Available tax losses $449,000,000
Equals $510,908,518
This places SLR 3 current mining camps current value almost on par with the likes of perennial underachiever Davyhurst (OBM).
Low hanging fruit!!!
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All I can say is thankyou to those that pushed the price back...
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