Post by
iq4u on May 10, 2023 9:51am
We have a Gold mill...
...which is not used any more!
What if Gold goes over 2.100 USD and stays.
Which is the POG when Signal reactivates the Gold mill and start producing again?
What I want to say is that if Gold goes on 2.100 / 2.200 / 2.300 and so on... then at some point they should start producing Gold ounces again.
And then we could easier finance Goldboro...
Comment by
DoumDiDoum on May 10, 2023 12:49pm
The decision has been taken to shut the mill down and I do not think it's reversible unless the gold price is over $3000. Stog'er Tight is a small deposit and developing it will pay only at the end of its development, thus will not help in financing Goldboro.
Comment by
shiftyone on May 10, 2023 1:36pm
If they sold it, that would help in financing Goldboro.
Comment by
shiftyone on May 10, 2023 2:32pm
They are never going to get $15 million for it. But they might get a few million. If they aren't going to use it, right now it is just another expense for the care and maintenance.