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
Gold Price Breakout $US1,865/Oz heading to $US1,900/Oz, page-34
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Last
7.9¢ |
Change
0.004(5.33%) |
Mkt cap ! $15.88M |
Open | High | Low | Value | Volume |
7.7¢ | 7.9¢ | 7.6¢ | $47.50K | 610.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 438826 | 7.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.9¢ | 78322 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 438826 | 0.078 |
1 | 600 | 0.077 |
3 | 39834 | 0.075 |
2 | 40090 | 0.074 |
2 | 185880 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 78322 | 1 |
0.080 | 108213 | 2 |
0.082 | 15000 | 1 |
0.088 | 433181 | 1 |
0.090 | 189043 | 2 |
Last trade - 15.55pm 13/05/2024 (20 minute delay) ? |
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Last
7.8¢ |
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Change
0.004 ( 2.63 %) |
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Open | High | Low | Volume | ||
7.7¢ | 7.9¢ | 7.7¢ | 140395 | ||
Last updated 15.24pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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