SNG 7.59% 8.5¢ siren gold limited

With the gold price so high, $A2,000+/Oz and the estimated AISC...

  1. 1,476 Posts.
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    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.

    SNG-Estimated-Profit-and-Dividends.png
 
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8.4¢ 8.7¢ 8.2¢ $129.5K 1.525M

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3 261000 8.1¢
 

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Price($) Vol. No.
8.5¢ 240254 2
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
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