Federation have all of the approvals in place, including for a Processing Plant in Reefton which is now funded and ready to build.I guess they are not in a position where they need to do a deal with Siren. Although to us common folk it naturally makes sense.You'd think at some point in the not too distant future some M&A will play out with Federation, Siren and Rua Gold. Its no coincidence that Rua have just listed on the Canadian Stock Exchange when Federation are starting to get going. There's a lot of smart money in the 3 companies, and Siren's Market Cap is currently 1/3rd of RUA's despite them being at least 2 years behind us in building a resource. Plenty of potential upside here especially if these permits are rubber stamped by the new mining friendly NZ Govt.
SNG Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
