no reason to sell if you do the math on their earnings I feel, I am thinking they are selling gold $200 more than last quarter with production costs around $50 an ounce less than last quarter due to lower diesel costs. SO combined we are looking at $250 more going to the bottom line per ounce on 10,000 ounces for the quarter SO thats an extra $2.5M over and above last quarters profit, for the quarter IMHO The other thing is they had more gold in circuit last qaurter than the previous quarter so last quarters bottom line was subsidising that.
SLR Price at posting:
20.0¢ Sentiment: ST Buy Disclosure: Held