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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With the gold price so high, $A2,000+/Oz and the estimated AISC...
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Last
9.4¢ |
Change
0.007(8.05%) |
Mkt cap ! $19.25M |
Open | High | Low | Value | Volume |
8.8¢ | 9.5¢ | 8.7¢ | $102.5K | 1.129M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 56109 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37 | 0.092 |
1 | 65000 | 0.091 |
1 | 63660 | 0.090 |
1 | 75000 | 0.087 |
1 | 2400 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 56109 | 2 |
0.095 | 350000 | 2 |
0.098 | 20000 | 1 |
0.100 | 280279 | 2 |
0.110 | 38295 | 1 |
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