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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 longagau2on May 10, 2023 12:10pm
81 Views
Post# 35440921

RE:In October the POG was 400 USD lower!

RE:In October the POG was 400 USD lower!Starting the mining and milling again takes hiring back a new workforce.  As the people working on pointe rousse before were skilled workers they have now likely moved on to other jobs.  Contract milling for other miners should definitely be something they look into doing if a sale of the pointe rousse assets does not happen soon. 

I do agree that, if they can get some sort of long term contract to sell the gold at a good price over a 1 to 2 year period, it might make sense to give stoger tight a go.  It will just be a challenge to get a staff together right now.   It would be a very different discussion if we get up to 2200-2400 usd levels.  
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