Q: Thanks for your response. Do you have a feel for where this leaves SLS; it is almost down to its IPO price ex a run up which presumably preceded realization of the extent of the deposit - which I assume is still valid. It is almost as though the value of the find will come to naught in the face of an expected copper shortfall.
5i Research Answer:
Zinjin's investment in SLS will likely help it move forward, at least. There is much work to be done, but there is still potential here. The junior sector has been very weak for quite some time, with cost overruns and other issues. But SLS has a deposit that will continue to be worked on. It may need more capital over time, and this could limit gains, but in terms of its overall potential we would not put it on a shelf yet.