Signal Gold Inc T.SGNL

Alternate Symbol(s): SGNLF

Metals & Mining Gold Industrial Metals & Minerals

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.

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Signal Gold Inc > Crux Investor Interview

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Comment by DoumDiDoumon Jun 28, 2021 7:55am

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Post# 33458703

RE:Crux Investor Interview

New info from this interview:

Kevin said they had discussions with 30 different groups regarding financing
Although management does not want to go through too much debt for Goldboro, those groups said that Goldboro could be financed through a 60% to 70% debt to equity if we want it
Kevin said that Institutions need more time to buy the story, waiting for the detailed report or needing to have meetings before jumping in the story.
Emphasis was put on the fact that the PEA was published for both opend pit & underground resources while the PFS that will be published in Q4 will just just be for open pitable resources. They want to develop the project in 2 phases and test the underground when the pits will allow for cheaper and easier drilling. They will also have a better knowledge of the project at that time.
They were conservative showing the metrics at US $1550 gold but they were also conservative on the costs as they see a lot of opportunities to bring the cost down
Kevin explained why the permitting process is longer than other jurisdiction and why they cannot speed up the PFS process (seasonal studies needed to be done). Some of these studies are almost over (3 months of testing to go) and then they will be able to include them in the PFS.
At Point Rousse, Q2 results will be better than Q1 but do not expect fantastic results as they changed the mine plan at Argyle and needed to move a lot of dirt. Things have been good for a month now.
Permitting process is started for Stoger' Tight
They are thinking about a name change for the company as Anaconda refers to the first project they got in Chile 15 years ago.