seeking alpha

Bit of a write up courtesy of seeking alpha
1. Silver Lake Resources (SVLKF.PK) closed the friendly takeover of fellow Australian Integra Mining late last year. It was a perfect match with Integra's tenements neighboring Silver Lake's Mount Monger operation, and synergies in mining and gold processing an obvious advantage for the merged entity. The merger of the two companies is expected to deliver operational and corporate synergies of $30 million to $40 million per annum according to the latest quarterly report for Q4 2012. Silver Lake Resources have a market capitalization of $1.3 billion and have recently been admitted to the ASX200 index.

The combined Mount Monger complex consists of two mills, one open pit and four underground mines in operation, significant stockpiles, and numerous exploration targets. Quarterly production for Q4 2012 (pro forma) was 45,303 ounces of gold (oz Au). Gold production is projected to almost double to 300,000 oz Au per year by 2014 with an expected mine life of more than 10 years.

A second production center, the Murchison Gold Project, is nearing first production in Q1 2013. The target annual production for this center is 100,000 oz Au. The land package around the mine is extremely prospective with numerous documented promising drill results for possible gold and copper discoveries. During 2012 Silver Lake acquired the Great Southern Project that has the potential to become the third production center in due time.

Silver Lake's management has performed exceptionally well in the past and by all accounts is executing the present growth phase with great success. We anticipate significant value creation from Silver Lake in the next couple of years, and we recommend to consider this company for further research -- especially at the currently depressed share price.