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Signal Gold Inc 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

Post by andre171on Dec 07, 2024 9:19am
202 Views
Post# 36350864

Potential New Entity

Potential New EntityWhile it's understandable that some Signal shareholders may be disappointed, they can also consider that they have become shareholders in a new entity that has assets, advantages and potential, including: 6.036M ounces of resources, a NPV@5% of just over 1600M CAD for gold at $2300, 2191120 ounces Gold Eq. payable for the two projects and a cash flow margin of over 170% for the current gold price of $2600, in addition to strong exploration potential for each of the projects.
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