With the gold price so high, $A2,000+/Oz and the estimated AISC at an industry-low of $A950/Oz, due to the high gold grades, from surface gold, extra.
Even at 50k Oz annual production. There is a possibility that Siren Gold will be able to pay dividends to its shareholders, due to the strong cashflows.
I have estimated a small dividend payout ratio of only 30%, which would allow for continued strong exploration and production expansion budget.
Even at a share price of 60c-80c, let alone the current share price. The dividend yields would be at very high levels, outperforming most asset classes by a wide margin.
This is what LT investors are looking for, given the poor dividend yields offered by other asset classes. The advantage of a high grade low AISC gold deposit is that it has very strong profits, where healthy dividends can be paid, even with 10-20% lower gold prices from their current high levels.
As we receive more company updates, I'll update the numbers below.
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- Gold Price Breakout $US1,865/Oz heading to $US1,900/Oz
Gold Price Breakout $US1,865/Oz heading to $US1,900/Oz, page-34
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Last
7.6¢ |
Change
0.002(2.70%) |
Mkt cap ! $15.74M |
Open | High | Low | Value | Volume |
7.4¢ | 7.8¢ | 7.4¢ | $46.91K | 621.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4173 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 99505 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 3557 | 0.077 |
2 | 5673 | 0.076 |
4 | 356270 | 0.075 |
2 | 500000 | 0.074 |
1 | 80227 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 99505 | 1 |
0.079 | 100000 | 1 |
0.080 | 111421 | 4 |
0.082 | 151 | 1 |
0.084 | 2100 | 1 |
Last trade - 15.44pm 03/10/2024 (20 minute delay) ? |
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