Another insider buy this past week - Director KavanaghKavanaugh bought 188,736 shares on March 14...good to see the continued added confidence in the way forward for Signal Gold.
Regarding the cost increases to build the new mine...Yes absolutely the Fesibility Study is now outdate, however they have found more gold in drilling that has not been included in any new resource for the deposit. The number of new ounces would far outweigh the mine build costs not to mention the gold price increase. Analysists are saying gold goes higher when intrest rates drop later this year. So combined even more robust than ever as this bullet below highlights.
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At a gold price of US$1,760, Goldboro could generate cumulative after-tax net cash flows of approximately $684 million, an after-tax NPV 5% of over $442 million and an after-tax IRR of 31.7%.