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6.3¢ siren gold limited

Siren Gold (ASX:SNG) intersects “significant” visible gold at Alexander River, page-16

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Goldhunter122

1,476 Posts.

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26/03/22

17:21

Post #: 60442777
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Originally posted by Goldhunter122: ↑

With the Gold Price averaging $A2,600-$A2,700/Oz, Alexander RIver and Big River will be sitting at an All In Sustainable Cost of ($A900-$A1,000/Oz) allowing for a profit margin of over $A1,700-$A1,800/Oz.

As the company targets 1.5Million Oz of 7-9g/t high grade gold in these high grade gold shoots and lodes, we would expect production to sit between 150,000Oz and 200,000 Oz.

That calculates to an annual gross profit of $A1,700/Oz x 150,000Oz = $A255million for 10 yrs. (Current market cap is $A28.7million)

And that doesn't include if they find a jewelry box of gold like at Swan ZOne in Fosterville Bendigo....

Expand

You can see from last week's announcement the rock crushing battery at Big RIver below.

You can see the 20% Stibnite/Antimonyin the rock below from the stockpile above at Big River. This same highly enriched stibnite/antimony contained 82.3g/t gold.....

This is what the old timers were mining.

This stibnite enriched bonanza gold is what the old timers were mining at Big RIver and Alexander River....this is what Rodan and Angus are chasing with the deeper drilling....

Last edited by Goldhunter122: 26/03/22

SNG Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

2 Great analysis

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