It has been a sector wide rout since the August 2020 peak.. SLR outperformed most of the sector into the October 2022 lows by not taking out its March 2020 low, whilst others like RMS and WGX etc did make new lows taking out their 2020 March lows.
Since that time, SLR has underperformed largely due to SZ, but in terms of valuation, it is most undervalued gold producer on the ASX with an EV in the the absurd category.
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