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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development and exploration 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 in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Post by naru15on Feb 07, 2024 8:57am
153 Views
Post# 35867044

2024

2024
8.3 million remain
Administrative costs were reduced by 53% - at least reduced for the last quarter in the year
(Then they can rise again in the next few quarters or return to their old level)
Permits for a mine still need to be obtained.
There is no more mention of them building a mine.
How is that supposed to work with currently 20 million in market capital and only 9 million in cash.
The mine will remain a dream.
Anaconda had bad memories and the new name Signal will be remembered even worse.
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