Q: What are the current prospects for SLS? Do the drill results confirm the extent of their deposit?
5i Research Answer:
SLS has not released drill results since mid-August. Those holes were quite decent, showing good grades near surface and some continuity. We would consider these encouraging, but more step out and in-fill drilling is needed for confirmation. The deposits is still being delineated. Drilling is ongoing still. The stock got hit hard last week, but with no news released the decline certainly seems more connected to market weakness in copper rather than anything specific with the company.