SLR worth a punt ?, page-3

I have purchased a large $$ parcel about 3 weeks ago.
Strong balance sheet. Strong cash @ c. $60m. Great hedging position with 40% of sales hedges in the money @ $1710+ AUD over the next 2.5 years all gives good support. Undervalued at trading at a significant discount at $200m mc.
If you believe gold price will go up as I do to $1400-$1500 by y/e this will re-rate to 70c-$1.20
Gold price incr awe will need to be sustained for at least 3-6months before insto's turn their attention to gold stock again, and look at small m/c stock with low trading volumes. When it goes up will move fast