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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 GoldNHillon Mar 16, 2024 9:40am
577 Views
Post# 35936435

Another insider buy this past week - Director Kavanagh

Another insider buy this past week - Director KavanaghKavanaugh bought 188,736 shares on March 14...good to see the continued added confidence in the way forward for Signal Gold.

Regarding the cost increases to build the new mine...Yes absolutely the Fesibility Study is now outdate, however they have found more gold in drilling that has not been included in any new resource for the deposit.  The number of new ounces would far outweigh the mine build costs not to mention the gold price increase.  Analysists are saying gold goes higher when intrest rates drop later this year.  So combined even more robust than ever as this bullet below highlights.

  • At a gold price of US$1,760, Goldboro could generate cumulative after-tax net cash flows of approximately $684 million, an after-tax NPV 5% of over $442 million and an after-tax IRR of 31.7%.
     
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