SLR silver lake resources limited
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Sorry to say but I think you are looking at this the wrong way....

  1. jonesw
    521 Posts.
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    15/04/13
    12:13
    Post #: 11645469
    Sorry to say but I think you are looking at this the wrong way. Gold companies are leveraged to the price of gold due to the cost of producing the gold.


    Again, using rough calculations.

    If POG falls from $1800 to $1300, that is a 27% decrease.

    Since SLR produces gold (all in cost) at about $1100, this fall reduces their margin from $700 to $200 or a drop of $500 or 71%.

    The share price will reflect the later set of figures rather than the former.
    SLR Price at posting: $1.52 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 31  Upvote
    lightbulb Created with Sketch.  Great analysis
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