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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

Comment by Lotharon Mar 15, 2024 12:46pm
312 Views
Post# 35935192

RE:RE:Inflation and associated increase in costs to mine gold

RE:RE:Inflation and associated increase in costs to mine goldThe original Atlantic Gold already demonstrated proof of concept for an open pit mine in Nova Scotia. If they could profitably operate Touquoy from 2017-2019 (gold price has outpaced inflation since then) then Goldboro is definitely viable now.  The only reason Touquoy isn't still in production is gross mismanagement by St. Barbara, plain and simple.

It would be nice to see the Artemis team come home and acquire Signal either if Blackwater is bought out or from Blackwater cashflow in a few years.  I wouldn't even be upset if Signal was acquired by Artemis today in an all stock no premium deal.

-L
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