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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 13, 2024 8:41am
104 Views
Post# 36360619

New NEXG Even more undervalued after the merger

New NEXG Even more undervalued after the merger
NEXG seems even more undervalued after the merger than before. Indeed, Enterprise Value has fallen from 7.6% to 5% of NPV@5% (gold $2500), while each ounce of MI+INF resources is now valued at US$11.7, compared with $17.9 before the transaction for the GGC asset alone. What are we to make of this when the price of gold has remained stable and high? Do we think that the merger devalued the new entity, which would surprise me, or that it was more favourable for NEXG shareholders than for SGNL shareholders, which could justify an increase in the share price (of the order of 50% to return to the same valuation levels)?
 
 
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