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Signal Gold Inc ANXGD


Primary Symbol: T.SGNL

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 GrumpyInvestoron Jan 26, 2023 1:55pm
110 Views
Post# 35248273

RE:RE:RE:RE: Hammerdown FS Compared with MAE/Point Rousse

RE:RE:RE:RE: Hammerdown FS Compared with MAE/Point Rousse

nozzpack wrote: MAE has excellent and advanced exploration projects much like Signal.

Other than Orion, these could be spun out to MAE shareholders as part of the merger with Point Rouse.

MAE currently has a market cap fair value in the $105 million range.

Point Rouse about $35 million or so but its provision of essentially all of the mining facilities for the Hammer mine, saving MAE $60 million or so, it's not unreasonable to see the NewCo merger to trade above $150 million.

The 6 year LOM will provide strong cash flows for project expansion ...Orion for MAE and other satellite deposits at Point Rousse for Signal.

There is also the possibility of acquiring Ramblers Nugget Pond Floatation plant  should it go into bankruptcy .

But, that is a long shot not yet properly analysed

It's getting more and more obvious that what you really want is for MAE to get their hands on SGNL's mill for cheap. I suspect you have a lot more "skin in the game" in MAE than in SGNL. 

As DoumDiDoum has told you, the idea of a merger between MAE and SGNL has never been well received on MAE's stochouse or CEO.ca bullboards. If you feel your scenarios are so wonderful, you really should post them on the MAE boards.

There is no reason to wait to have your numbers "revised and validated" before posting them on MAE's bboards, since they might be the best people to fine tune your numbers. As we have seen before, you really have no problem posting here before your numbers are "revised and validated".

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