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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 DoumDiDoumon Apr 07, 2024 10:03pm
312 Views
Post# 35976041

RE:RE:There are many ways to look at this...

RE:RE:There are many ways to look at this...
nozzpack wrote: An excellent analyses, shifty, which highlights the wide disparity between the POG and valuati9 of exploration companies like Signal.

Its the capex cost and extended time needed to get fully permitted and then build all of the necessary processing and associated infrastructure at the mine site.

Marathon Gold's Valentine Lake is an excellent example of this.

For example, replacement costs of the Pine Cove mill , tailings facilities and infrastructure is well over $100 million.

That deal was transformative for Maritine , completing its plans to make Point Rousse into the Hub and Spoke processing and distribution Center of NL metal production.

Gold deposits stranded because they cannot afford to build a mine onsite must seek excess milling capacity which only Maritime has, with its two gold mills.

Even NFG , a $900 million owner of the world class Queensway gold discovery has signed a tolling MOU with Maritime.

It might offer Signal that option too

Nozzpack, nice try for advertising for MAE. You do not own any shares here, as is Shifty. Your objective for both of you are still pretty clear. I proved you were wrong a lot of times in the past with back of the napkin calculations and wrong information. Please continue to pollute the MAE board and go away, thanks.

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