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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
Post by 160kon Dec 19, 2011 4:21pm
368 Views
Post# 19335789

The truth of the matter:

The truth of the matter:The Pine Cove deposit is simply not "as rich" as Management was made to believe.  As gold deposits go, the grade is very low and ANX is attempting to get as much from what they have there so far.  The other deposits in this mining lease are of a higher and "richer' grade and I think that they will eventually improve on their numbers when they start extracting ore from those other areas of the mining lease.  Hopefully, when they have managed to get the debt down to a manageable level and they are cash flow positive they will seek out another property with a better/higher grade deposit in the nearby area.  The Mill will do its job as it should as all new start-ups like ANX go through this tweaking and resetting stage until everything operating along the circuit is fine-tuned and problem-free.  The Mill itself will be their real "piece of gold" and it will become more valuable each year.  There may be neighbouring properties looking for buyers and the Mill will becomeNX a multi-use facility.
Bullboard Posts