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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 GrumpyInvestoron Jul 08, 2021 10:38am
160 Views
Post# 33511737

RE:RE:RE:RE:RE:Gold Up, Anaconda Mining Down - What's Going On?

RE:RE:RE:RE:RE:Gold Up, Anaconda Mining Down - What's Going On?
NLMoose wrote:

You forgot one thing.

Anaconda Mining is a Gold producer like Marathon Gold and Altius Minerals, not just an explorer.

That's especially true for Anaconda as they have Gold mines in Baie Verte and Goldboro.
 


Now I understand why you are constantly repeating the same rant over and over. You view ANX as a producer more than an explorer. For your information, there is no mine in Goldboro. What we have is a clear plan to develop a mine in 2023, but there are still a lot of steps before we get there. As for Baie Verte, we have a mill, but our current mine is running out of economical ore to process (2 year mine life). So, we need to develop and expand new mines to add value to the company. We don’t have any significant RESERVES that justify moving the share price in unison with the price of gold. For now, what moves the value of ANX is what investors expect for the price of gold when and if it starts being extracted from the ground in Goldboro.

In the meantime, stop expecting a direct relation between the day to day price of gold ant the share price.


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