Thanks Kinzu and the date of that article is today - 12/05/2014.
If they rate it as trading at nearly half it's book value and remains only a potential producer, what share price should be ascribed to SLR seeing that it's putting out gold at the rate of ~170k oz pa?
Surely a typo or they haven't done their homework. Or could just be me missing something or clutching at straws.
"Another gold miner trading below book value is Silver Lake resources (ASX: SLR). At a current market cap of $211 million and net assets (at 31 December 2013) of $361.6 million the company’s P/B ratio is just 0.58 – not far off half the net asset value.
Silver Lake share have suffered after placing its Murchison Gold Operations into care and maintenance due to unsustainable production costs, but remains a potential producer."
SLR Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held