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Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is focused on gold mining, development, and exploration company in the top-tier Canadian mining jurisdictions of Nova Scotia & Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study. Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port.


TSX:SGNL - Post by User

Bullboard Posts
Comment by killiefan1on Dec 19, 2012 6:54pm
177 Views
Post# 20752992

RE: RE: RE: Only 2 holdouts:

RE: RE: RE: Only 2 holdouts:

160K. Here's hoping as well for a higher valuation soon. 

I think the key issue is getting rid of the debt and hopefully this happens Spring / Summer 2013. A higher gold price or grades should speed-up the process, and we still have the money coming from the South American assets.

Another issue is developing a bigger resource, with good grades, and there seems plenty of opportunities once the cash flow gets diverted away from paying the debt.  

This is probably one of the cheapest gold stock by far given its production, financial position, land package, and it is probably in one of the safest mining areas (away from burdensome taxes and resource nationalization).

Best of luck to all,

Dorbs

 

       

Bullboard Posts