Ann: Siren Strikes Significant Gold Mineralisation at Reefton, page-50

Given Siren is drilling in a historic high grade gold mining area (brownfield), where gold miners in the past ignored 15gpt gold in the ground in the late 1930s and early 1940s. This area has had limited previous exploration and Siren has already struck high grade gold at surface trenches and within 50m of the surface.

I’m expecting a share price of between $3.50 and $5.00. (market capitalisation of between $A280m and $A400m) in the next 6-18months.

Anything above $5.00 would be driven by the gold head grade and ounces they find in these new gold shoots and lodes.When you compare Siren's current market cap and share price of 59c $A47million to other lower grade gold explorers and developers with lower grade gold results start from 100-200metre below the surface, Siren's share price should quickly lift to between $1.00-$1.50.