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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 andre171on Oct 16, 2024 11:30am
335 Views
Post# 36268214

RE:Responding To Shiftyone

RE:Responding To Shiftyone
I made a table like you before posting my October 12 message and compared NEXG and SGNL. The price paid of 0.1244 shares for 1 NEXG share returns a fluctuating purchase price of +- 24.5M CAD. I think this price values SGNL and NEXG less well in relation to NPV and the size of reserves and resources. I also note that Yahoo considers SGNL's enterprise value to be CAD 42.49M, higher than the sale price of CAD 24.5M. I believe, however, that both companies will benefit from the transaction.  
 
 
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