Just guessing but after mgt realising the Murchison bungle and coming clean, implementing cost saving measures plus other fine tuning and generally getting their act together, surely all the negativity has been factored into the sp by now?
Mt Monger made $58M EBITDA and will only get better due to slightly higher grades, Lakewood being placed on CM will reduce ozs produced but the economic savings by doing that in the scheme of things will help reduce the overall cost per oz to the company. However, there will most likely be the sweetner of either through- tolling Lakewood, divesting it or bringing it back online if the POG moves up.
Barring any disastrous ann coming out of left field and gold getting smashed, I think the market will view even a mediocre yearly as favourable given the changes mgt have put in place to shore up past mistakes and have the co. running leaner.
There's massive exploration potential with the latest round of drilling results due out in August (so they said...won't be till Sept IMO) and if they can stay focused instead getting carried away and stop trying to walk b4 crawling, IMO we've got a future.
Been wrong b4 though so don't take it as gospel.
SLR Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
