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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 shiftyoneon Oct 15, 2024 6:51pm
318 Views
Post# 36267244

RE:Merger DD : Data Comparison Between NexGold And Signal Gold

RE:Merger DD : Data Comparison Between NexGold And Signal GoldDDD,  apples to apples is not necessarily comparing a 2023 NI-43-101 to a 2022 FS.

Comparing the value of assets is a little difficult... that is what the company has on the books as the value of it's projects, etc..  That can change rapidly, as we seen with SGNL's last financials where they wrote down $25 million of the value of their properties.

You put an asterick by the following statement.  I expected to see a note with relation to the asterick.  But there was none.

Total: 3,124Moz
*underestimated: lot of drilling done after FS (which suggests a third pit west)

---------

Is that just your opinion that it suggests a third pit?  The paid interview with Morgan Lekstrom today I thought, but just going by memory, he stated that they are interested to further evaluate the potential of underground mining to the west.  The drill results I have seen have not shown anything indicative of a third open mill pit.  So where did this come from?  And why the asterick?  Who told you that it suggests a third pit?

-----

good to see you back to pumping again...
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