SLR
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0.00% $1.57 silver lake resources limited

We need a bigger boat!, page-39

  1. CounterVin
    3,190 Posts.
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    28/08/19
    23:27
    Post #: 40206670
    Hi All, I have been following both RMS and SLR lately. Seen a few people from RMS forum who like to make comparison between RMS and SLR. Both market caps of RMS and SLR are not far off each other...however, when I looked at both companies resources and reserves,

    Resources
    RMS  70.5Mt 1.5g/t   3.476moz
    SLR 39.35Mt 4.2g/t 5.291moz

    Reserves
    RMS 13.3Mt 1.6g/t 698koz
    SLR 7.072Mt 3.7g/t 835koz

    On Reserves alone, SLR has more than 2X higher in grades, and more gold compared to RMS. Not to mention that the recent takeover of EganStreet would push its reserves above 1moz. Can someone justify why their market caps are similar?
    SLR Price at posting: $1.13 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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