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
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.06M |
Open | High | Low | Value | Volume |
5.9¢ | 6.1¢ | 5.9¢ | $38.25K | 637.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1142 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.0¢ | 98366 | 1 |
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No. | Vol. | Price($) |
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1 | 1142 | 0.057 |
1 | 100000 | 0.056 |
1 | 90497 | 0.055 |
1 | 100000 | 0.052 |
1 | 100000 | 0.051 |
Price($) | Vol. | No. |
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0.060 | 98366 | 1 |
0.063 | 62413 | 1 |
0.065 | 10000 | 1 |
0.070 | 5000 | 1 |
0.071 | 23000 | 1 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 10.18am 26/04/2024 ? |
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