So is it time to sell SLR, page-3

March 2016 Quarterly reported ASIC of A$1,254/oz.
This compares favorably with 1H FY16 AISC of A$1,281/oz.
AISC for Q1 FY17 is expected to be higher than current levels and then decrease from the second quarter as higher grade material is mined from Imperial/Majestic and Maxwells underground.

Gold production for the quarter was 32,214 recovered ounces (Q2 38,171 ounces).
Notice they focus on Gold Sales in the Quarterly and not production.

Exploration drilling in Q4 FY16 will include:
- 2,500 metres diamond and RC drilling at the Maxwells Development Project;
- Underground resource definition drilling at Daisy Complex focussing on the upper Haoma and Haoma West infill and extensional drilling campaign;
- Continuation of the regional exploration drilling program (≈5,000 metres aircore drilling); and
- 6,000 metres RC and diamond drilling following up significant results from the regional aircore drilling program.

On balance I am going to stick around for another quarter. Significant exploration drilling still ahead.