SLR
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0.00% $1.57 silver lake resources limited

Could just be that the price of gold is now rising strongly...

  1. iamtheoracle
    1,710 Posts.
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    21/02/11
    22:05
    Post #: 7928984
    Could just be that the price of gold is now rising strongly again.

    Think about it.... when the price of gold was at these levels before, SLR was trading at $2.50. So too were the other junior goldies trading at highs.

    I personally think junior gold miners are cheap right now given where the price of gold is and the fact that they haven't responded to the rising gold price the way they fell when the gold price plummeted below $1,310 not too long ago.

    I particularly think Silverlake represents fantastic value. If the Murchison is given the green light, which I expect it will, then SLR will shoot up to $3.00 in my opinion,
    SLR Price at posting: $1.99 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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