I wouldn't expect a CR to raise the funds to build the first underground gold mine. At these gold prices, I would expect a gold streaming loan at market interest rates, whether funding comes from a fund or BR and other wealthy investors in WA, I don't know.
That is what shareholders would prefer. To keep the funding all in-house, if it is possible.
Since the gold starts from surface, they could begin to repay the Gold Steaming loan almost immediately.
With the gold price above $A2,000/Oz, currently at $A2,400+/Oz, Siren Gold is sitting in a very enviable position.
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Gold Price Breakout $US1,865/Oz heading to $US1,900/Oz, page-32
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