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Sirios Resources Inc V.SOI

Alternate Symbol(s):  SIREF

Sirios Resources Inc. is a Canada-based mineral exploration company. The Company is focused on developing its portfolio of high-potential gold properties in Eeyou Istchee James Bay, Canada. Its projects include Cheechoo, Aquilon, Maskwa, Li-52, Niska and Tilly 2. The Cheechoo gold project is located in the Eeyou Istchee James Bay region of Quebec, less than 15 kilometers (km) from Newmont’s Eleonore gold mine. The property consists of a main block of 121 claims, as well as a secondary block of 35 claims located about 20 km to the west. The Aquilon project covers 68 km2 of the Aquilon greenstone belt, in the La Grande subprovince of Quebec. The Maskwa gold project is located approximately 100 km southwest of Radisson and approximately 120 km east of Wemindji in Eeyou Istchee Baie-James, Quebec. The Li-52 property, located in Eeyou Istchee Baie-James, is made up of 550 claims covering an area of more than 286 square kilometers (km2).


TSXV:SOI - Post by User

Bullboard Posts
Post by Diamondindaruffon Aug 03, 2019 2:31pm
156 Views
Post# 29992094

Correct me if I'm wrong

Correct me if I'm wrongThought I'd weigh in here. I thought I'd provide a conservative approavh as I like to surprise myself when better then expected results are revealed so here I go. 500x500x200 meter area x 2.5 (gravity of rock for tonnage) x.3gpt 34 (troy ounce ) 1.1million ounce ( 770 000 at 70% recovery rate) npv ? Mesquite gold mine similar tonnage and resource estimated at 200 million and was bought for 150 million by Equinox gold sold by New Gold ( gold price was not 1450$ an punce iether) This will trade at a discount to NPV obvioulsy and rule of thumb is a third (comparing other companies) so if im correct I do expect 0.50$ share price if the maiden resource is anywhere near my calculations. Doucet said he d mine this iether way even if he has to fund it by starting to mine the high grade zones first. Michel Bouchard being a director on First Mining Finance is probably our ace up our sleeve for a worst case buyout offer to FF. With gold trending up .3gpt will be economical and we all know this is the worst case scenario, these guys have gold everywhere with medium and high grades. At these prices its a no brainer for me. Initial buy in .21 pre run up to 1.41 ( ive been here a while)
Bullboard Posts