All SLM have drilled so far is from the existing low grade...

All SLM have drilled so far is from the existing low grade resource and that announcement the other day was very vague.

The real test is this next hole where they think there might be a porphyry source.

If that hole misses it goes back under 20c.

A fair bit of risk there atm. Last 2 holes don't mean crap as it was already known.

Key is look at the best of the historical grades and they are not that crash hot.

Just be careful anyone holding SLM who can't afford the risk