Just a quick question. Brian Rodan and Paul Angus are targeting 250,000Oz-500,000Oz (worth today $A588million and $1.16Billion) of gold at a high grade 5-6grams per tonne at Alexander River alone. This would give Siren an All In Sustainable Cost of ~$A1,000/Oz.
Since the gold grades are so high, and Siren Gold has this flexibility, what do you think the total ounce target could rise to, to if Brian and Paul decided to reduce the grade by 1grams per tonne to 4-5g/t?
The All In Sustainable Cost would rise to ~$1,200/Oz, but even at that cost level, the company is still making ~$1,150/oz profit per ounce.
Basically, what do you think is the elasticity of the gold grade to total gold resource target?
I'm just thinking aloud, but given there is so much high grade gold at surface, structurally controlled within the quarts and halo zones around the quarts.
Could they add 100,000Oz ($A253million), 200,000Oz($A506million), 300,000Oz($A700million) to the current 250,000Oz-500,000Oz target at Alexander River, with this change?
SNG Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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