The so called 'bashers' We've all seen bashers before pretending to act in shareholders best interests-- to protect shareholders from losses etc. But this (SLI) is one time when I think it is genuinely true. Where 'the bloggers/bashers' are genuinely acting to spare the retailer any further pain.
Anything can happen. I mean they could hit a 100 gram/meter hole intercept-- they could but it's highly unlikely, given the nature of the geology that we've already encountered. But even if they did, @ 70 cents a share it's already priced in.
Of course though we shouldn't discount managements ability to talk up the project. One good hole and they can start the whole '100 MM oz fairy tale' all over again. As we've already seen management has been able to convince many into thinking that this is a Viable entity. I give them full credit for selling the SLI story. But is it already to late? Think of how many have already been soured by thier experience with SLI-- in @ over 2.00 and now down big time.
But for me, I need to see something concrete. I need to see numerous 100 gram- meter intercepts minimum, and so far all I've seen is a long and protracted fairy tale about what 'could' be there-- What they could have-- and it just doesn't cut.
Many will consider this bashing, but it is just my honest assessment of the SLI situation at this time....