SLR 0.95% $2.09 silver lake resources limited

News: Silver Lake Resources targets 100,000oz in , page-2

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    re: News: Silver Lake Resources targets 100,0... Quite a positive interview.
    They expect to be able to add another 2-3 mill oz of gold to the current 1.5 mill oz @ 8.7g/t at Mt Monger for a total 4.5-5mill oz.
    That would either extend minelife to 20 years, or allow for further expansions to the currently planned 200,000 oz at Mt Monger.

    Either should add significant value.

    At Murchison, Les pretty much said approval is now a formality, with mine plans near complete.
    14 open pit mines and 4 underground.
    He expects the decision to mine to be made by Dec., construction to begin in Jan. and first gold by Christmas next year.
    Then 100,000 oz per year for the following year.

    On track for the 300,000 oz per year.
    Considering the large resource base, excellent exploration upside, now highly likely go ahead at Murchison, 300,000oz per year within around 14 months, diversification of mines and processing facilities, low country risk, and proven management, this is still the best value gold producer I know of.
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