RE:There are many ways to look at this...Shifty shifting stories around again...for what benefit?
To start with this comment..."drilling program last year did not show any areas that in my opinion are worth exploring further"
Well if you ever took the time to determine if something is worth exploring further...do a quick calulation on this drill result from the Dolliver Mountain area (see last drill result PR) where you say are not worth exploring. I beg to differ...highly uneducated opion IMHO. Keep to the facts Shifty
just one economic drill result from the Dolliver Mountain area - 76.31g/t over 0.5 meters can generate a lot of gold...I will break it down for ya
25,44 g/t over 1.5 meters X 1100 strike length of the vein X 20 meters high X 2.8 specific gravity of a meter cubed of rock = 2,350,348 grams of gold / 31.1 grams in an ounce = 75,573.89 ounces of gold 3166.47 CDN$ = $239,302,457.60 total value of the 1 quartz vein - NOT worth exploring Shifty - lets leave a quarter-billion dollars of gold in the ground in that one vein??? Pardon??
Then this great comment "They did acquire some new property rights to the north of Goldboro, that may potentially show some expansion potential" (Yes True Shifty - GHill).
"The last drill program drilled north of goldboro and the results came up with nil gold in the hole."
This is NOT true Shifty...they have NOT drilled north of goldboro as yet. They have only drilled east and west along strike of the historic Boston Richardson mine...they have not yet drilled on their new claims to the north or south...BUT STAY TUNED! I have drilled north of Goldboro and all the holes I have drilled have come up with nil gold in the hole to date...I have not given up yet!
Another interesting comment by Shifty
"drill program shows there is not much room for expanding the 2 open pits."
Have you seen where they drilled the last holes near the west side of the west pit...do you remember what the grades and widths were? You should go back and take a look and perhaps revise the statement above. The company simply has not updated the resource for the pits....anyone can see if you review the last bunch of press releases...they have some good numbers west of Pit 2 that can expand the west pit or result in a shallow Pit 3 west of Pit 2...not sure what your motive with this statement would be.
I think this is the best one...
"By the time they pay the initial investment off , it will take about 8 years. "
Shifter...Ha Ha Ha...Seriously???
The origional definded fesibility study indicated 2.9 year payback...ok add a year with added costs to build (which is offset grosely by the added resources not yet included in any updated resource estimate, so back down to 3.5 years - VERY Conserevatively) and the price of gold just a bit higher than the number used to calculate the 2.9 years which was $1600 USD).
So you just pulled 8 year payback out of your hat...NICE ONE!
You say you are not a shareholder...so why all the posting, if you have no interest any more...you said you sold and now it is too expensive...so move along???
Very puzzling what your motive is here to post invalid - untruthful statements and it is not just in one post...DDD was calling you out time after time and getting tired of it. Trying to mislead folks so they sell and you and a few friends can penny flip and make a couple hundred bucks a day? Good luck with whatever is driving you Shifty. Remember it is the market that will determine the value of the Signal Gold stock...not some posts on a stock blog.
I really hope we see strong continued buying from those that understand just how undervaluded this stock is...Let's bring the right folks to the table Kevin, Rob n Paul...best of luck!