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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

Post by longagau2on Jan 18, 2022 10:19am
201 Views
Post# 34328151

Cash in the bank, money flowing in and gold in the ground.

Cash in the bank, money flowing in and gold in the ground.The news release also indicated 10m in the bank by pre selling some 2022 gold.  With this and the high production if 2022, hopefully we will not see any further dilution this year.  This is actually huge news.  If they can hold off on raising funds until after permitting is done, sp will be much much much higher.  


As for benji's 29k Oz, it comes from argyle data showing 31 to 32k Oz over 14 months.  Presumably, 2 to 3 k of this is harvested in the last 1 to 2 months of q4.  Leaving 27 to 29k for 2022.  I like the strategy of beating guidance through the year in 2022 rather than missing it like in 2021.


Very positive news!
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