Does anyone here know silver lakes cost per ounce to produce gold? All i can find is a post on aussie stock forums saying its $900 an ounce. Anyone know if that is true? I was thinking it was around $1200..
most recent Quarterly Report page 3 http://www.silverlakeresources.com.au/uploads/pdfs/quarterly-reports/Quarterly_Mar_13.pdf
Thanks for that. I usually only read little bits of companies announcements but decided the other day its time to learn to understand them and pay more attention. Have read through most of silver lakes recent announcements tonight and it is really beyond me how the share price has fallen to its current levels. If gold stays above $1300 an ounce things should be OK. My current cost basis is $1.557 for SLR and im happy with that. Although if i could get it under 1.00 that would be even better.
Read this article from 2002 http://www.zealllc.com/2002/goldstk101.htm Actually after you have finished that read all of these and you will be an expert http://www.zealllc.com/essays.htm
I had never considered buying this stock but I find I am being enticed by you guys.......I will keep watching.....40cents and I am in.....
I have a confession to make. I have an addiction to this stock and KCN. Both have great mid term fundamentals. Though my average purchase price is around $1.50 for SLR, I continue to load up with a golden horizon in mind. It feels bad to be down so much on paper but the fundamentals have not changed. I took a picture in the Sunday Mail the other day of the 'worst performers' in the finance section. Out of four stocks, SLR and KCN made an appearance. I think this picture will be my personal trophey in a few years time when this bull has left the holding gate bucking the clowns who naked short selling off in fashion. Bellinvest.
Thanks for the link.. Learnt a lot from that first article. The part about high cost/low cost mines and leverage was something i have never even thought about. Very interesting stuff.
gold production costs at $1050 .....if gold price reaches the $1150 zone....and hovers for a period of time....this stock price could come under a lot more selling pressure...but what little investigation I have done on the company....it could possibly hold on for once in a lifetime capital gain over 3 or 4 years...10 fold....20 fold....who knows.... a lazy $25000 could earn a cool half a mill.....imagine that.
mm I got a few more this morning at .77 cost basis is now a tasty 1.19 I wont be buying any more unless it goes below .50
From silver lakes website http://www.silverlakeresources.com.au/corporate/company-overview: "6.6 million ounces of gold inclusive of 1.8 million ounces of reserve 10.4 million ounces of silver and 140,000 tonnes of copper. Silver Lake has a commitment to long term exploration targeting 10 million oz of gold over time." If SLR produces 5 million ounces of gold and only makes $100/ounce thats $500,000,000 dollars before taxes and all that. Silver lakes market cap is only 180 million. If I am wrong or over simplifying this let me know! The projections for this current quarter from the March quarterly report were calculated around a $1300 AUD gold price. The next quarterly report comes out in around 5 weeks and should raise the share price a little bit (unless something major goes wrong). Gold has only fallen $8 so far tonight in USD. It currently says it is down $25 AUD and I'm assuming this is because the AUD is going up? A lot of people are expecting the AUD to fall further against the USD over the next year. This is good for gold in AUD. I sound like I'm blabbering on and on and I have no idea what I'm talking about and to be honest I don't really have any idea what I'm talking about! All I know is that these numbers (if i'm reading them correctly) are too good to be true. This is the most bullish I have ever been on an individual stock.
Hey SS I read the article (written in 2002, he was onto it) With regard two companies, only the earnings percentage is truly amazing in the high cost mine, the dollars profit would be less than low cost mine Is this example done to illustrate that the market looks at earnings percentage growth rather than profit? What I found extremely interesting about that article was the effect hedging does to the numbers. Can I find out information on SLR Hedge books like percentage of their production hedged and when it next does this? Cheers Alfie
