No idea the real numbers behind Siren. Things like mine life and location have big impacts.
Based on their 5x going into production (I’ve allowed for funding and 200m shares on issue) then Bc8 is worth $1.25 on those numbers for starters. Those Siren numbers are conservative imo for both companies assuming siren has real mine life.
Bc8 can double from here as a base case but I would think it would be closer to $1.50 plus given they are in a growth phase and have access to a second mill. If Bc8 brings on the second mill , then we are looking more like $3.50 going up. The gold price is anyone’s guess but for the foreseeable future, gold looks good. Powell gave it a boost last night with no changes. Dyor
Ann: Important Discoveries Continue at the Kal East Gold Project, page-17
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52.0¢ |
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Mkt cap ! $230.6M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 53.0¢ | 51.0¢ | $629.9K | 1.210M |
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| No. | Vol. | Price($) |
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| 1 | 2500 | 51.5¢ |
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| Price($) | Vol. | No. |
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| 52.0¢ | 12720 | 1 |
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