With the gold price so high, $A2,000+/Oz and the estimated AISC at an industry-low of $A950/Oz, due to the high gold grades, from surface gold, extra.
Even at 50k Oz annual production. There is a possibility that Siren Gold will be able to pay dividends to its shareholders, due to the strong cashflows.
I have estimated a small dividend payout ratio of only 30%, which would allow for continued strong exploration and production expansion budget.
Even at a share price of 60c-80c, let alone the current share price. The dividend yields would be at very high levels, outperforming most asset classes by a wide margin.
This is what LT investors are looking for, given the poor dividend yields offered by other asset classes. The advantage of a high grade low AISC gold deposit is that it has very strong profits, where healthy dividends can be paid, even with 10-20% lower gold prices from their current high levels.
As we receive more company updates, I'll update the numbers below.
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- Gold Price Breakout $US1,865/Oz heading to $US1,900/Oz
With the gold price so high, $A2,000+/Oz and the estimated AISC...
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Last
8.5¢ |
Change
0.006(7.59%) |
Mkt cap ! $17.41M |
Open | High | Low | Value | Volume |
8.4¢ | 8.7¢ | 8.2¢ | $129.5K | 1.525M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 261000 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.5¢ | 240254 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 261000 | 0.081 |
3 | 453534 | 0.080 |
3 | 47300 | 0.079 |
2 | 49719 | 0.078 |
2 | 195441 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 240254 | 2 |
0.088 | 13277 | 1 |
0.089 | 311500 | 3 |
0.090 | 272540 | 2 |
0.094 | 5000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
8.3¢ |
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Change
0.006 ( 6.41 %) |
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Open | High | Low | Volume | ||
8.4¢ | 8.6¢ | 8.1¢ | 251055 | ||
Last updated 15.59pm 14/06/2024 ? |
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