Signal Gold Inc. T.SGNL

Alternate Symbol(s): SGNLF

Metals & Mining Industrial Metals & Minerals

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.

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Signal Gold Inc. > Am I missing something here?

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Post by LBERARDon Oct 13, 2021 2:08pm

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Post# 34002018

Am I missing something here?

Assuming their production in the next 14 months goes as planned and the gold price stays where it is now

Gold production over the next 14 months is expected to be approximately 29,500 ounces based on an 87% overall mill recovery, setting up Anaconda for a record year of production in 2022, at an average operating cash cost per ounce sold of $1,112 (US$878)1;
29,500 ounces X $1792.00 (Current price) =$52,864,000 Gross
Cost to Produce 29,500 oz X $878 per ounce = $26,000,000
Net Profit is $26,860,000
174,000,000 shares outstanding =$.15 a share profit
Current stock price $.51 American.
Seems a little cheap to me.
$1.50-$3.00 a share would be more reasonable.