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
7.0¢ |
Change
0.002(2.94%) |
Mkt cap ! $14.46M |
Open | High | Low | Value | Volume |
7.0¢ | 7.2¢ | 6.9¢ | $14.42K | 205.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 88302 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.1¢ | 42000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 88302 | 0.069 |
3 | 112725 | 0.068 |
2 | 38204 | 0.066 |
2 | 573863 | 0.065 |
1 | 50000 | 0.055 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 42000 | 1 |
0.072 | 190063 | 1 |
0.078 | 300000 | 1 |
0.080 | 30000 | 1 |
0.082 | 50000 | 1 |
Last trade - 15.56pm 24/07/2024 (20 minute delay) ? |
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