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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

Post by longagau2on Nov 13, 2020 10:54am
854 Views
Post# 31894874

Scenario where goldboro is purchased by another company

Scenario where goldboro is purchased by another companyKevin mentioned this possibility in the video yesterday.  Atlantic gold was purchased at $428 CAD per ounce of reserves when gold was at ~1800/oz CAD in May, 2019.  Today, gold is at $2450 CAD per ounce.  My guess is the new resource estimate will be around 3 million ounces.  At $750 CAD per ounce in a buyout for example, that makes a value of 2.25 billion CAD.  The current market cap of ANX is 90 million.  Even at 2million ounces, $500 per ounce, that's a billion.  I don't think I've seen such a grossly undervalued stock in a long time.  Wish I bought more at 12.5 cents.
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