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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located approximately 175 kilometers (km) northeast of the city of Halifax, 60 km southeast of the town of Antigonish, and 1.6 km north of the village of Goldboro, on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The Company has consolidated approximately 28,525 hectares (285 km2) of prospective exploration land in the Goldboro Gold District.


TSX:SGNL - Post by User

Bullboard Posts
Comment by rickfactoron Apr 30, 2008 7:33am
110 Views
Post# 15022110

RE: Welcome on board! - Thanks IQ!

RE: Welcome on board! - Thanks IQ!60 Million market cap is peanuts for a Gold Producer that will have a guaranteed +6 million $ revenue for the next 12 or so years (Maybe more, usually resources add on after more exploration is conducted). And the important thing to remember is this was only on calculations for Pine Cove!

Keep in mind, In a few years (Two) Gold should be well over 1000$ (1500$ by 2010?).  So that 400$ an oz figure should be a bit higher.

The kicker was supposed to be Pine Cove ( A kicker that should value the company at a minimum of 50 Million Market cap since that would be 1x revenue for 12 years for ANX, which is VERY conservative)

But San Gabriel (Chile) is the monster, and that alone should have this valued at the moment at 60 Million (Very High Grade FE%)

A 110 Million Market Cap seems accurate enough and this is short term.

Just think what a junior can do with a few million dollars a year.. Usually Private Placements are needed to garner this much money, that will not be the case for Anaconda and this will benefit all shareholders in terms of Outstanding Shares and Company Growth.
Bullboard Posts