Sirios Resources Inc V.SOI

RE:RE:RE:RE:$ 1.00 very soon

[Dontshortcxr]

Althym wrote: Makes you wonder what entity this basher's working for. ...
And NO i'm not working for SOI ... lol !

https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1d7nmba-150601_The-Real-Value-of-Gold-in-the-Ground.pdf

Based on Cipher Research Report:

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80% of all transaction occur at $90/oz or lessoover half (56%) occurred below $45/ozWith the exception of a few outliers, there is little or no correlation to the price of gold

The average price paid for gold in the ground was $63/oz

The median price was$39/oz

Slightly higher premiums were paid for projects in development or production versus resource definition stage

oAverage price is 33% higher ($52 vs $69/oz)oMedian is 18% higher ($34 vs $40/oz)

There is surprisingly little difference in prices based on geographical location. (Although not measured we believe that this is a result of the cumulative effect of all risk premium attached –for instance high political risk in some jurisdictions may beoffset by low permitting risk)

The size of the resource was not positively correlated to the price paid (In other words miners pay for the quality of the project not the quantity of oz)


Note the vast majority of these transactions occurred below $90/oz Au in-the-ground and, except for more outliers when the price went exponential from 2005 to 2012, there is very little correlation with the price of gold.

So let's take the average price of 63$US/oz, we get 85$CDN based on a price of gold at 1200$US in 2015.
A simple rule of three gives us a price of 95$US or 128$CDN based on a price of gold at 1800$US.

Imagine when gold will be above 2000$USD ...

So in conclusion it is fair to say that a price of 100$CDN/oz  is realist in our case.

And one other point:

Mattbigham said:
"The mineralisation DD wants to lay claim to is situated up to 1,000 feet on Eleonore South's property but all SOI needs is simple access to take their gold !!!"

- Nobody wants to take anyone else's gold. It's about accessing their property to expand the open pit. The gold located on their property remains to Eleone south JV but an agreement is required for the cost of mining.
The resources on Eleonore South are not targeted by Sirios but may become a source of income for ER/AZM/NGC if an agreement is reached between the parties. (red portion)

Ok the extra 400 thousand oz plus lets say another 200 thousand oz for whats in red would gives SOI 2.2 million oz. with out exspanding any RE anywhere else .  Thats close to 4 billion at these prices. DD stated that they could make money at 1400$ . I would say they have to make it at 900$ so Feasibility study needs to come in low cost of production. Sixth Wave can increase production savings by 100$ a oz . so Heap leach or Tank leach ether way they have to use activated carbon . SIXW would replace that.