It is a significant milestone within 12-14 months of IPO listing. Fantastic effort by Brian and Paul.
With up to another 7 high grade gold deposits in their portfolio. With the gold price sitting around $A2,500/Oz and low estimated All In Sustainable Costs ~$A1000/Oz, Siren Gold will be a market darling.
A lot of action happens when a company releases a 250-500k Oz high-grade gold Maiden JORC Resource from surface, structurally controlled within the quartz lodes and shoots. The halo gold surrounding these quartz lodes/shoots will be the icing on the cake.
I'm wondering if a larger gold miner would be interested in acquiring SNG once an official JORC is released. I know high grade gold deposits that don't need an expensive capex open pit are hard to come by.
SNG Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
