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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 shiftyoneon Mar 04, 2023 5:32pm
82 Views
Post# 35319534

RE:Go for Gold!

RE:Go for Gold!Good luck.... I think you will probably do ok with any shares bought at this price.

I would give up on the dream of Kevin bringing this to production.

If anyone has a much higher average price...I hope you get to break even.

Best case scenario I can see is for the company to be bought out.

Kevin and Rob won't want to see it go to zero... they have skin in the game.  So I expect a full out sale.  

The $400 million that will be needed to develop.  They will never be able to raise.  The debt to Nebarus.  It should still be a really good annualized rate of return... probably about 30% in 6 months.


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