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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

Comment by thegoldenchildon Jun 23, 2021 7:49am
181 Views
Post# 33433087

RE:Market cap surely needs a re-rate

RE:Market cap surely needs a re-ratePOG at $1550 used in the PEA is quite low too. I am sure that if we used even $1700 USD, the IRR would be closer to 40%. I guess they need to use an industry accepted value at this time, but I am sure that by the time the mine is up and running, the POG will be well over $2000. They should have provided an IRR with various scenarios like POG $2000, POG $1900, POG $1800. Perhaps someone can suggest it to the company, it would surely have a dramatic effect on IRR. All in all, I think it is quite positive, NPV over $500 M, IRR 30%, things are looking good and we should hold for a possible buyout, merger, aquistion. GLTA
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