You are 100% correct Baz. The Maiden 500k to 700kOz at 5-7g/t High Grade Gold JORC will become the foundations from which Siren Gold will build and grow their market cap and share price, same as what New Found Gold has achieved at Queensway(Alexander/Big RIver and Fosterville's sister deposit in Canada).
Due to the 45 degree angle of Alexander River high-grade gold shoots, only 1km depth from surface = 2km of high grade quartz gold mining. (They are targeting 1Million to 1.2Million Oz down 1km depth(2km of quartz mining).
The Maiden JORC Resource gives professional investors a basis to calculate an insitu gold resource, AISC, as well as Discounted Future Cashflows (Annualised) for 5yrs of mining min.
As Siren Gold continues to hit these 30gt/50gt/100gt/300gt/1000gt intercepts at Alexander River, then we'll see the market cap and share price build on that JORC Resource and climb like New Found Gold's share price did.
New Found Gold is still 2+ yrs away from production, yet already have a $CAN1.3Billion market cap. 34x higher than Siren Gold's market cap today of $37million.
This is also what Kirkland Lake also did with their now legendary Swan Zone in Fosterville. The share price rose from $C13 ($C1Billion) to $C70 (Mkt Cap $C14Billion).
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