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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 Jun 19, 2023 4:12pm
140 Views
Post# 35503976

RE:RE:New drill program

RE:RE:New drill programThey have  to be cashed up.   Hopefully enough to get enough positive drill results to raise the price significantly so that they can raise $100 million US at least to move on to development.  Kevin said recently, it might have been at the European convention a few weeks ago.  Going ahead with development will require about 1/3 equity and the rest financing.   So they need to get the share price imo to at least $1.00 to raise all that money.  They only way they can do that is by putting the drill in the ground and proving up resources.  There is not a chance they will have financing by Sept.  They will be lucky if they have all the drill results back by then.  Then another reserve estimate.  Then another PEA.  Then financing.   It's going to be a long road.  Hopefully the drills bring back great results.
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