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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 nozzpackon Jan 05, 2023 9:15am
105 Views
Post# 35204479

RE:RE:RE:RE:RE:RE:RE:RE:3 Jobs and Mine Financing Soon

RE:RE:RE:RE:RE:RE:RE:RE:3 Jobs and Mine Financing Soon Thank you.
Raising money by getting those 74 cent warrants into the money is the cheap way as it will raise about $4 million in cash .
We already have about $16 million in cash and investments, so with $20 million in cash, we have plenty of it to finance near term operating expenses.

So, there is no need of an equity financing.

Besides, we have those western assays coming our way and my evidential analyses agree quite well with that of Kevin in that we have high probability of another 3 million ounces being added.

Current fair value is in the $1 range and getting there seems not to be an unreasonable expectation this year..
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