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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

Post by longagau2on Jun 02, 2021 2:25am
280 Views
Post# 33309060

Scarily good numbers possible with NPV from PEA

Scarily good numbers possible with NPV from PEA
let's say the PEA shows a NPV8 of 700 million, which I think is a probably a bit conservative. Valuing goldboro at the standard 50 percent of NPV gives 350 million, or a stock price of $2.20. Plus there is the matter of the operating point rousse mine which will shortly be putting the good argyle ore through the mill. I know I am often overly optimistic, but that is pushing ANX to between 2.50 to 3 dollars per share. That is just post PEA valuation, let alone takeover multiple or after the DFS, dolliver mountain and tilt cove bonuses coming down the pipe. I think DDDs numbers of 1.50 after PEA and 2.25 after DFS might be more realistic on the face of things, but with the low low AISC and huge potential, when ANX starts really getting noticed, it's gonna fly. Counting down the days to the PEA.
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