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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 VillaManyaon Feb 24, 2009 6:02pm
357 Views
Post# 15801030

RE: Total Production Max: 35,000 oz

RE: Total Production Max: 35,000 oz

If you split the profit on PC 60/40 in ANX's favour and the other stuff 30/70, the total profit for ANX would be $8,325,000 or 13.87c per share (assuming 60m shares outstanding).

Ok, as should lead to a much stronger share price, especially as this translates to 17c Canadian.  Using a mulitple of 20, the share price could get as high as C$3.40 on the back of these numbers - but only so long as NIS don't decide to instigate some puerile court action as part of a negotiation to get a bigger slice of the pie.

No-one can afford to grandstand in these straitened times, so we need NIS to see sense and just encourage ANX to get the cash rolling in.

Bullboard Posts