I've put together some EPS and Share Price estimates for Siren Gold, once production starts.
I have used similar AISC costs to other miners in the region that have similar gold grades and assumed 50k Oz per annum gold production.
Once we have more information on the estimated annual production and AISC from the company, I'll adjust these figures below.
The point I'm trying to make is the very strong cash flow performance of high-grade shallow, structurally controlled, underground gold mine(s) by the assets owned by Siren Gold, given the very strong, and rising gold price.
Its current market cap of only $18million is significantly undervalued.
SNG Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
