What's behind SLR?, page-3

they have an all-in cash cost of $1070, and they make $1450 before costs...which figure is now rising with the steady dropping of the oz dollar. They are more than 50% discounted to their NTA of 55 c a share; so they are horribly cheap on that metric. They mainly made that fearsome loss last FY due to big write downs
:91.2M of asset and inventory impairments (non-cash), 53.1 M non-cash 'derecognition of deferred tax asset'., and of course the bad losses on Murchison...Surely those factors will not be reproduced in the coming year? I want to know why the picture is not much rosier than a lot of people are painting it.