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Signal Gold Inc ANXGD


Primary Symbol: T.SGNL

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 Tradernickon Jun 17, 2020 2:06pm
223 Views
Post# 31161256

RE:RE:RE:Share price has held in.............

RE:RE:RE:Share price has held in.............The math isn't difficult -

18K-20K producer (Point Rousse only); with Goldboro - 50K to 60K near term producer.  Take 40K simple conservative annualized production.  $2,250 CAD gold price less $850 CAD cash cost = $1,400 earnings.
Totals $56MM earnings at 200,000,000 shares (rounded) = $28 per share.

18x multiplier = $5 CAD.

Simple math, now they need to execute, and I suspect they have plenty of variables that can act profoundedly on their valuation, and, well before the end of 2021.  They have already disclosed their wishes to pull off an acquisition before the end of this year (2020).

Stay focused, not myopic.  This is a compelling story. GLTA.
Bullboard Posts