Brian is an underground mining specialist with extensive experience in this field with his 40+ years experience he will get the underground mine built , ready and pouring gold without disturbing the surface feature such as forest, agriculture land, rivers.
Also by doing underground mining it will be easier to get to those ore bodies that are deeper although the cost of production (ASIC) will be higher then open pit the high grade gold and the gold price above $2000AUD per OZ will make up for this
Currently we are seeing the market value of sirengold is below $24million at the 25c share price
fully diluted share price MC is still below $28million based on 96million Shares on issue (i have added more onto the current just to derisk)
As you are aware Brian Rodan and the other directors recently subscribed for $270,000 worth of shares at 35c at the last placement which saw sirengold raise 4million dollars
i have attached a screenshot which also shows the transactions of Brian Rodan at sirengold to date
its always good to see directors putting their money and commiting to the project
First quarter is all about drilling and defining a Maiden resource we should have the MRE delivered by end of Q1 which isnt too far away
Also the scoping study for the processing plant at reefton should be completed soon
im also looking foward to the scoping completion to drill further down 1500m into surface
We are now into the 2nd month of 2022 it will be very interesting to see where we are in 6 months time always DYOR , this is not financial advice cheers
SNG Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
