IPO - Siguiri Gold Corp. - 20 August 2024 #, page-2

The PRU strategic purchase into PDI of 17% is good news for this ipo. With PDI being a few klms up the road this could easily be 10 times listing price that as the resource in this project continues to grow and M&A activity in the area ramps up

With gold from surface and increasing grades at depth across repeating structures Siguri should be heading towards similar sort of ounces as PDI over the next 12 months.

With gold around 2500 USD oz and an expected cost of just under $1000 per oz, economics are shaping up for a massive project

This IPO at 20c for a 70mil cap and 10mil in the bank is cheap as chips, with ~1.5mil ounces already from surface to 100m deep.

With 35,000 metres of drilling already done and results due just after listing and with another 35000 metres of drilling ongoing news flow could be huge coming into year end.