LFC you should focus on what the company is achieving.
We are seeing a classic cup and handle in Siren Gold's share price as they continue to drill and bank high-grade gold at Alexander River and now Big River for their Maiden JORC Resource in the next 3 months.
While we have seen a powerful breakout to the upside in the Gold Price in AUD terms over the last week.
All my gold insitu value and revenue estimate that I have posted on HC are at $A2,400/Oz, the Gold Price last night was at $A2,455/Oz.
As new high-grade gold discoveries are confirmed in the Prima Donna and A2 Shoots at Big River and along strike and at depth at Alexander RIver in the Stibnite, we should see all-time highs in Siren Gold's share price.
I would expect the current Maiden JORC Targets 589,000Oz at 6.7g/t at Alexander River (worth $A1.4Billion) and Big River Shoot 4 only at 125,000Oz at 7-9g/t (worth $A300million) to lift considerably once A2 shoot and Pima Donna shoots are drilled, which should be happening now after the recent investment by institutional and professional investors in Siren Gold.
Deeper drilling into Alexander River will also add high grade ounces to the JORC as the Stibnite and Gold gets richer at depth like it does at Fosterville.
Siren's current market cap of $32million at 38c only represents 1.88% of the value of the gold at 589k Oz at Alexander River and 125k Oz at Big River.
We have multiple significant reratings and upgrades to Siren Gold coming as drilling accelerates at both sites and the high grade gold JORC Resource is Released. Let alone if new discoveries are made of large high grade deposits in the A2 and Prima Donna shoots.
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Last
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $15.68M |
Open | High | Low | Value | Volume |
8.2¢ | 8.2¢ | 7.8¢ | $63.53K | 798.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 150000 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.0¢ | 45180 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 150000 | 0.076 |
1 | 8000 | 0.075 |
1 | 90 | 0.074 |
2 | 185880 | 0.073 |
1 | 15520 | 0.071 |
Price($) | Vol. | No. |
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0.080 | 45180 | 2 |
0.081 | 38685 | 1 |
0.082 | 185683 | 2 |
0.084 | 201184 | 1 |
0.085 | 769804 | 3 |
Last trade - 15.46pm 15/05/2024 (20 minute delay) ? |
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Last
7.9¢ |
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Change
-0.003 ( 2.47 %) |
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Open | High | Low | Volume | ||
8.0¢ | 8.0¢ | 7.8¢ | 109352 | ||
Last updated 15.57pm 15/05/2024 ? |
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