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 > Am I missing something here?

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Post by LBERARDon Oct 13, 2021 2:08pm

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Post# 34002018

Am I missing something here?

Assuming their production in the next 14 months goes as planned and the gold price stays where it is now

Gold production over the next 14 months is expected to be approximately 29,500 ounces based on an 87% overall mill recovery, setting up Anaconda for a record year of production in 2022, at an average operating cash cost per ounce sold of $1,112 (US$878)1;
29,500 ounces X $1792.00 (Current price) =$52,864,000 Gross
Cost to Produce 29,500 oz X $878 per ounce = $26,000,000
Net Profit is $26,860,000
174,000,000 shares outstanding =$.15 a share profit
Current stock price $.51 American.
Seems a little cheap to me.
$1.50-$3.00 a share would be more reasonable.