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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 Jan 11, 2016 5:20pm
145 Views
Post# 24447831

RE: NineLives and Tractorboy:

RE: NineLives and Tractorboy:NineLives, I think that you may have misunderstood what I was saying with my contention that ANX gave Auramet too steep of a discount. Did they not give them the gold for $980/oz/U.S. (I am not sure if that includes or is plus expenses). I realize that the money will be used effectively to drive home the Stog'er Tight and the other deposits in and around Pine Cove. And yes, I certainly agree that Anaconda is one of a very few small producers actually making money today. Dustin is truly very adept at getting the most out of a little. Tractorboy: The original Pine Cove pit still has about 2.5 years left give or take and as you know the ore from it will be blended with that taken out of the Stog'er Tight deposit which will effectively extend P.C's life a bit because now ANX will be able to put through less ore into the milling circuit at a much higher head grade and come out with much more productivity (less = more in this case). The other factor worth noting is that instead of having to construct another waste dump, ANX will save hundreds of thousands of dollars by using the exhausted Pine Cove mine pit as a waste dump for Stog'er etc. In the recently released technical report (N1) this is spelled out in detail. This is very smart of Dustin to make further use of the P.C. pit. The amount of work involved in building these ponds and waste dumps is enormous so this will go a long way to save cash for the Company. The stock remains a huge "BUY" at .06cents, especially when you consider that many investors who hold ANX have already paid up to .15cents post-production and over $1.00 in the pre-production years.
Bullboard Posts