"The Company has generated an Exploration Target for Alexander River of 250koz-500koz at 5 to 6 g/t based on the assumptions described below." At $A2,400/Oz gold price, this Alexander shoot alone contains between $A600million and $A1.2Billion worth of gold at 5-6grams/tonne from surface.
I never realised there could be so much gold in a single shoot.
What an asset these Reefton Goldfields are.
The current share price is significantly undervalued, it wont take long to rise from here.
Great effort by Brian Rodan, Paul Angus and the drill team.
They need to get the gold out of the ground asap.
Can you imagine the rerate Siren would receive from analysts once they confirm production plans/production to commence?
SNG Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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