Signal Gold Inc T.SGNL

Alternate Symbol(s): SGNLF

Metals & Mining Gold Industrial Metals & Minerals

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.

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Signal Gold Inc > Pros And Cons : Goliath vs THE BEAST (Goldboro)

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Comment by andre171on Oct 23, 2024 1:18am

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Post# 36277919

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

andre171 wrote:
For gold at $2500, Goliath's NPV@5% is CAD 943M according to NEXG's latest presentation, and SGNL's would be +- 969M by applying a proportional rule to variation table 22.6 of 743-101. Since the two projects have +- the same NPV, we can assume that from an operational point of view they have the same potential, regardless of the other elements (Capex, reserve volumes and grades, CAS, AISC...) since the NPVs take them into account.

Exploration potential, financing conditions and project progress could therefore make a difference. There seems to be a great deal of exploration potential in both projects, and it's hard to know who wins out in this respect, as well as in terms of project advancement. With Goldboro's lower initial capital costs, it's possible that operations could begin there, since less financing would be required. I believe that the operation will be beneficial for both companies, in particular by reducing the risks for each, and this is undoubtedly one of the essential elements that motivated SGNL's management to agree, particularly in view of the difficult cash situation.

@DoumDiDoum
Can I expect an answer from you, since you suggest contradictory (but positive for me) discussions?

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