Some excellent examples of gold streaming loans and shares to pay for the capex. This type of Capex funding minimises share dilution, with the debt taking on most of the cost.
A combination of a Gold streaming loan and some shares would be an excellent way to get the Alexander River gold mine up and running. It would then pay for further exploration and development of the other 7 gold deposits in Siren's tenements.
There are very few near-surface, high-grade gold projects, which are targeting between ($A580m and $A1.165Billion worth of gold) at one of their 8 gold projects, where the market cap is at a significantly undervalued at $17million today(22c share price).
We are looking forward to seeing Siren's maiden JORC Resource, that is for sure.
I especially like the sound of this from your post below. Once a high-grade Maiden Gold JORC Resource is released, it opens the doors to all these milestones above, on the path to high-grade gold production. High grade gold production with one of the highest profit margins per ounce of gold, on the ASX.
" Here is some cheer for the long suffering Investors. The clip below is from the Siren Gold website. In the Gold Mining industry, your credibility hinges on whether you deliver on what you said you would do.
My guess is that the maiden JORC Resource release is not far away. Listing date was 7 September 2020."
SNG Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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