Did you read the comments thread on your link ?
"Ben here from Seneca. Thanks for your comment. You make a good point regarding the recent appeals against SVL's Bowdens silver porject near Mudgee, NSW. However, we think the 8 year journey that SVL has embarked upon since acquiring Bowdens in 2016 reinforces the difficulties in progressing the project and importantly, doing so with minimal dilution to shareholders. While we don't have a strong view on what happens to Bowdens from here (there's still plenty of work to be done to get into production), we think SVL serves as a useful yardstick valuation comparison on a silver resource basis."
Very lazy
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