Thanks for your insight bhowarth. The announcements have been quite a bit easier to understand over the last few months, that's for sure.
500,000Oz at Big River out of those 4 gold shoots at surface is worth $A1.22Billion today. As that drilling program commences that will be interesting.
Add that to a Maiden JORC Resource by Christmas for Alexander Rivers' 589,000Oz - 1.128MillionOz of high grade gold down 500-1000metres. ($A2.7Billion)
And it gets richer as you drill deeper beneath 1000metres to 2500metres, same as Blackwater and Fosterville.
Siren's assets are definitely highly valuable and will generate strong cashflows with minimal capex for anyone looking to add them to their stable of gold mines.
I didn't even think about the fact that Rodan and Angus can sell one of these deposits separately to develop the rest, or farm in individually.
That provides a lot of different options for the company and shareholders.
SNG Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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