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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 May 15, 2023 11:09pm
125 Views
Post# 35449568

RE:RE:P/E Ration

RE:RE:P/E Ration100 000 oz per year.

A great number is profit $500 US per ounce.  But we will use $800

100 000 * 800 US= $80 million/year "profit"

Start up costs after paying debt.  $350 million plus.  With interest over 5 years is $400 000 000.(400 million).  Divide that by paying the loan over 5 years.  $80 million a year to cover start up costs.

That does not include further exploration etc.

Revenue.  $80 million/year

Debt payment $80 million/year

I don't see a particularly high P/E ratio in the near term.  There is only 10 years of mining right now.


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