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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development and exploration 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 in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Comment by shiftyoneon Oct 21, 2024 10:55pm
214 Views
Post# 36276028

RE:RE:RE:RE:Pros And Cons : Goliath vs THE BEAST (Goldboro)

RE:RE:RE:RE:Pros And Cons : Goliath vs THE BEAST (Goldboro)
Here are some corrections regarding some of the statements you said about Royalties:
 
Sprott Resources has 2.2% NSR on all the gold that will be extracted from the ground. That represents, using your $2700 for an ounce of gold, near 60$ an ounce. Plus all the other royalties from 1% to 2.5% or some land package. Plus the yearly payment of $100k (which is payable even if you're not producing). All this cumulate. So I think we are far from your 27$ an ounce calculations.
Also, you sound like it's a good thing to have royalty on a property. Is it really your opinion? If so, are you suggesting that "Royalties are present on the properties" be put on the PROS for NexGold?
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Why do you want to fight so much?  it reminds me of my past when there was so much passion building up about a particular subject..   sometimes the people you hated.... well first chance one thing led to another. like for example.. you might convince me to buy sgnl.  or maybe i already did.

I don't care about your numbers to be honest.

All that matters is what the rest of the market feels it is worth for the short term.
 
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