Signal Gold Inc. T.SGNL

The Beast Has Now 3M Ounces Of Proven Gold Under The Belt

[DoumDiDoum]

Here are some updated numbers in the DFS:

• 3,065M ounces which is 320K more ounces than the PEA.
• Using US$1600 for gold price instead of US$1550 in PEA.
• 60K more ounces in the open pit resources
• Cut-off grade:
  • from 0.44 to 0.45 for open pit
  • from 2.6 to 2.4 for underground
• Production of 100K/year instead of 89.5K/year

[longagau2]

wish they would have put the 3 million ounces and additional 300k ounces in the top line. Market cap is currently sitting at half of the additional profits from that extra 300k ounces. Oh well, I picked up some more at .55 and .57 today.

[GoldNHill]

The BEAST at 3.065 million ounces is now 6 times larger than Atlantic Golds Touquoy Zone that got bought out for $2.80/share. The BEAST will produce 10,000 more ounces per year than Atlantic Golds Touquoy Zone....got to LOVE that! The BEAST is still open in all directions and most likely has another even larger open pit to exploit to towards Dolliver Mountain which should bring total resource

[GrumpyInvestor]

Hi GoldNHill, I like your enthusiasm, but I think you cut a few corners in your comparison with Atlantic Gold. At the time of the takeover, the ressources were over 2M ounces for Moose River (not just Touquoy), and they were all open pit ounces. Besides, it would seem that St Barbara overpaid a bit for the takeover since they were forced to write off around 250 M$ of their Atlantic assets a