Ann: Siren Gold High Grade Hits Keep Coming at Alexander River, page-38

  1. 1,476 Posts.
    lightbulb Created with Sketch. 826
    That looks like exactly what Brian Rodan and Paul Angus are aiming with these JORC Resource Targets below.

    $800million market cap sounds good to me.

    Current market cap is only $20million today at 26.5c share price.

    SNG-exploration-target-1-12million-Oz.png

    Both Fosterville and Blackwater high-grade gold deposits run 2,500metres deep. Siren's Alexander 1.128million ounce target is only calculated 1,000metres deep.

    So in reality we should see with continued drilling down 2,500metres once production starts, this resource to rise to over 2million Oz (worth today $A5Billion) at ~6-7grams per tonne.


    sng-depth.jpg

    AR-cf-fostervill1.png

    AR-cf-Blackwater.png




    SNG-Lachlan-origen.png

    I'd be happy with a 40x share price rise for Siren Gold to reach BGL's market cap! Although, we should expect more longer term as the other 7 gold deposits come onstream.
 
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