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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 DoumDiDoumon Aug 26, 2024 11:23am
959 Views
Post# 36196072

Can We Leverage The Gold In The Ground To...

Can We Leverage The Gold In The Ground To...... pay the debt? Would it be possible to raise US$25M with a streaming/royalty company to pay the debt and giving a 3% NSR in exchange on current 2 pits future production for example? The streaming company would get in average US$7.5M per year at $2500 gold. 

That could be possible IMO if we get the permits and we have an up-to-date Feasibility study. We might have the former in time, but not the later.

For these reasons, a JV with St Barbara (or another serious miner) has more chance to happen IMO.

GLTA
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