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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

Post by shiftyoneon Jun 22, 2023 10:04pm
279 Views
Post# 35510562

In terms of a buyout

In terms of a buyoutYou can really only count the 1.4 million ounces that can be mined by open pit.  the underground stuff is not nearly enough to make it cost effective to mine at this time.  The feasability stufy doesn't include the underground..   But the cost to start the mine is $300 an ounce.  the aisc are another $1000 an ounce.  That doesn't include the fees to run the company.  Or the costs of any extra exploration.  Or the debt(minimal).  But how can you expect a buyer to pay hundreds of millions for this.   The time for them to break even is never at best.
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