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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

Comment by nozzpackon Jan 05, 2023 9:15am
94 Views
Post# 35204479

RE:RE:RE:RE:RE:RE:RE:RE:3 Jobs and Mine Financing Soon

RE:RE:RE:RE:RE:RE:RE:RE:3 Jobs and Mine Financing Soon Thank you.
Raising money by getting those 74 cent warrants into the money is the cheap way as it will raise about $4 million in cash .
We already have about $16 million in cash and investments, so with $20 million in cash, we have plenty of it to finance near term operating expenses.

So, there is no need of an equity financing.

Besides, we have those western assays coming our way and my evidential analyses agree quite well with that of Kevin in that we have high probability of another 3 million ounces being added.

Current fair value is in the $1 range and getting there seems not to be an unreasonable expectation this year..
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