SLR
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0.00% $1.57 silver lake resources limited

This is the 10year share price vs 10 year goldBased purely on...

  1. 1ozCopper
    129 Posts.
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    22/07/19
    12:34
    Post #: 39629864
    This is the 10year share price vs 10 year gold
    Based purely on that it seems like a fair price at present. So future looks highly dependent upon the gold price and the economy. We are probably prime for another GFC in the next few years, if that happens the price of gold is going to beat the previous top, and that could possibly bring a several year long tail up trend on the share price.
    Downside? Not a lot with such a cashed up debt free company unless the gold price plummets and the recent rally ends completely.
    https://hotcopper.com.au/data/attachments/1649/1649861-16b2f6de58da13a3bbe43817048b5bd9.jpg
    https://hotcopper.com.au/data/attachments/1649/1649862-49329cdad2845701b2cb27413fc529ed.jpg

    Last edited by 1ozCopper: 22/07/19
    SLR Price at posting: $1.46 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 3  Great analysis
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