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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 therageron Jun 23, 2021 8:09am
172 Views
Post# 33433155

RE:RE:Market cap surely needs a re-rate

RE:RE:Market cap surely needs a re-ratethegoldenchild...The PEA is likely very conservative and I would not be surprised to see the project economics become even more robust when the definitive FS is released year end. Keep in mind also that the data supporting this PEA is at a much higher magnitude than your average data lite PEA put out by most projects. What this means for ANX (and more importantly shareholders and prospective shareholders) is that there is more certainty in being able to rely on this preliminary roadmap and the surprises in the definitive FS should be to the upside. Also, cash costs and AISC make this project feasible at USD $1200 gold and quite a bit of operating leverage at increments above that price. This report is an outstanding result and should lay the groundwork for a material re-rating of the company. 

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