SLR is cheap by EV/EBITDA:
https://au.finance.yahoo.com/q/ks?s=SLR.AX
Column 1 Column 2 1 Code EV/EBITDA 2 MML 0.92 3 PRU 1.57 4 SLR 2.69 5 AQG 4.01 6 RSG 4.72 7 SFR 4.98 8 NST 5.41 9 RRL 6.90 10 EVN 8.08 11 BDR 11.44 12 SAR 12.34 13 IGO 14.60
IMO they will do another A$15M exploration spend in FY17.