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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 160kon Jan 30, 2012 3:45pm
272 Views
Post# 19466652

RE: RE: Beautifully done report:

RE: RE: Beautifully done report:

Yes Tractorboy1:  The .20cents is a starting point based on current conditions everything considered.  There are a grouping of other highly prospective drill sites including Animal Pond,  Romeo and Juliet etc that can easily increase production with higher grade gold and also extend the mine life at least 4 -6 years.  Opportunities abound in the area and ANX has the advantage of a highly modern, state-of-the-art Mill that they can rely on to start-up immediately on new locations at P. C. or new mining opportunities in the region.  For all intents and purposes, the stock should be at or about that .20cent level now.  ANX must cut some overhead costs, especially their administrative overhead and keep the Mill going at top efficiency and consistency which I think they will now that they have cracked the nuts that were not turning at the start of this project.  I think that most of the Researchers estimates were conservative in nature and we could see better performance than what they are forecasting.  The Mill alone is a prize.  Now if they can add to their portfolio of producing potential projects, then we will see the stock move much more than that initial setting at .20cents.

Bullboard Posts