Signal Gold Inc T.SGNL

Adelaide Interview About DFS Available

[DoumDiDoum]

Anaconda Mining - POSITIVE FEASIBILITY STUDY

I watched it a second time.  Despite the fact that there was nobody "live", the content is top quality.  Again, I have nothing against the information but more about the marketing decision.

I decided to give a hand in broadcasting this video by sharing where I can.  Perhaps everybody here could do the same.   Let's try to bump the current stats of 33 viewed to several hundreds.  Here is what I'm sharing: 

Anaconda Mining released its Phase 1 Definitive Feasibility Study of the Goldboro deposit Thursday. Phase 1 is about mining open pitable ore for extracting 1.1M onces in 10.9 years with an average of 100k per year.

• IRR 25.5% at US$1600 gold
• Initial Capital of C$271M
• LOM Operating Cost of US$773 and AISC of US$849 an ounce
• Average gold recovery of 95.8%
• Solid management and the project is in a top tier jurisdiction in Nova-Scotia Phase 2 will go for the underground resources which is currently at 2M ounces and counting.

There is also an other open pit area candidate not explored yet west that can add another 1M+ ounces to the package. This area will be drilled next year (exploration upside catalysts). Lot of other catalysts coming next year. Market cap is currently at C$100M which is pretty damn cheap. Tax loss selling is currently hitting big since the SP rallied over 1$ this summer.

Insiders have bought on the market and the CEO has just bought Friday and yesterday. Here is a 20 minutes interview with Kevin Bullock, CEO of $ANX explaining the DFS and answering some questions: https://youtu.be/N0A3mJyjLks

Here is also a report by Sprott Equity Research done after the publishing of the DFS. Their target is $2.40 : https://sprott.com/media/4669/211217-anx-scp-goldboro-dfs.pdf

This company is a hidden jewel. Their BOD and management know how to develop projects. Their small producing asset in NFLD (20k/oz a year) allows them to avoid share dilution by providing free cash flow. If we compare with Marathon Gold at $800M market cap with 1.5 times more gold, ANX at $100M is ridiculously low. It's a buying opportunity right now IMO.

[longagau2]

Nice pitch DDD.

[DoumDiDoum]

Thanks longagau, but this project is SO EASY to sell pitch!  As they like to say : "It's a no brainer!".  It seems that they are not able to "package" this project and promote it properly. I mean, using Adelaide, with its only 2K followers, to promote this important milestone is not something I will qualified as a "stunt".  Last year they were all

[GrumpyInvestor]

Hi DoumDiDoum, I have mixed feelings for an aggressive promotion campaign. As you said yourself, last year they were all over the place, yet the stock was still back to 50 cents last week. When the price spikes due to an effective promo campaign, it's bound to come back down because you attract short term speculators. I'm not selling one share before we reach our full value, and I don

[DoumDiDoum]

Yep, I agree with you for the long term of things.  But there will be 30% to 40% in equity in the financial package and negociating it at 60 cents is not the same than negociating it at 1$.  We need to have the SP increasing where it should be thus the need for a more agressive promotion. Also, Kevin mentionned that they might need to raise Flow Through financing for drilling out the

[David192]

Hello DDD, why we need additional flow through shares for drilling. I thougt that we can use the promised good numbers from argyle for the additional drilling at Goldboro.  Hopefully Kevin will do all against dilution also in case of financing goldboro mine. Regards David 

[DoumDiDoum]

Hi David. In the last interview, Kevin mentionned that if the first results for the west area toward Dolliver Mountain looks promising, raising funds through Flow Through shares was an option to get extra budget for drilling the area.  A question was asked to him in a webinar last year about dilution and the need to do financing on the market with Point-Rousse operations and he explained that

[Rogg47]

That's where not running this company at profitability this year hurts us Shareholders badly.... Instead of putting back profits in drilling, we'll see more dilution....