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Signal Gold Inc 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 09, 2021 2:49pm
322 Views
Post# 33356386

Infill results

Infill results
This is looking really good for goldboro. The PEA will be awesome but with these new drill results and the additional 20k meters of drilling, the PFS will be incredible, especially if we see the above ground studies from the Dolliver mountain extension showing what we know they will show. I'm gonna predict a takeover by B2gold for 2 dollars in cash and 3 dollars in B2gold shares (maybe 3/2) soon after PEA is released, or similar from a different solid mid tier miner. I think Kevin has been waiting for the PEA to be able to negotiate a deal. Otherwise, without those hard numbers from the PEA, he might look like he is selling it too low to a company he is already on the board of. ANX will continue to get more and more expensive to acquire the more data that comes in and the more ounces that come in. The cash flush majors and mid tiers starving for reserves know this and I don't think will wait longer just to have to pay more.
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