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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 VillaManyaon Apr 19, 2022 2:43pm
156 Views
Post# 34614051

RE:Financing

RE:FinancingI sort-of agree with you - apart from 1 point: once Goldboro is permitted it will have bankable value which will materially reduce the cost of any financing to existing shareholders whether that finance is debt or equity.  in the short term the cashflow from the existing pits/mines is sufficient to keep the lights on and the drills that are expanding the resources turning
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