Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 GoldNHillon Aug 16, 2021 12:55pm
185 Views
Post# 33710519

RE:open question

RE:open questionI suspect potential buyers of ANX or just Goldboro are waiting for the Goldboro Feasibility Study coming out in the fall to see the value of Phase 1 of Goldboro (just open pits).

I suspect they will be reviewing that report and be ready to pounce when the subsequent Environmental / Mining Permit is in hand.  May be too early/risky at this point (as reflected by the current share price).  With Defined Fesibility and Minint Permit in hand the pounces may act.

I would think the shareholders will be better off if something happens after that point...preferrably when production starts to definatively prove to the prospective buyers that the Fesibility Study numbers are prooven by ounces of gold coming across the table and out of the floatation tanks....Like what happended with Atlantic Gold buyout once production was proven.

Selling price would be easy $3.00/share but all depends on price of gold at the time which hopefully will be higher in the coming year or two....so higher prices are for sure possible especially if pit 3 towards Dolliver Mountain prooves to be much the same as the current Pit 1 and 2....could reach 5 or more...very hard to predict such at this point...just saying there is GREAT POTENTIAL - THE BEAST WILL NOT DISAPPOINT!

My 2 cents
<< Previous
Bullboard Posts
Next >>