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Bullboard - Stock Discussion Forum 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... see more

TSX:SGNL - Post Discussion

Signal Gold Inc > January 2023 Corporate Prexentation
View:
Post by nozzpack on Jan 05, 2023 7:50pm

January 2023 Corporate Prexentation

Some additional details which add conviction to the evolving exploration and development of Goldboro and additional details on Point Rousse assets.
Production ceased in Q4 and final processing by mid February .
Continuing confidence in what the current drilling west of pit #2 toward the Dollivar mine to the point that I  now believe they have evidence...maybe visible gold or early assays calibrated to eastern drill assays..to support such confidence .

The more I research Point Rousse assets , it's recent and historical prospecting data and it's location..like Tilt Cove on the other side of the Bay Verte Peninsula which has had multiple mines with the highest grades in NL...the more I am impressed with the fact that they will get a very good price for those assets..perhaps $50 m or more.

That leaves an equally attractive asset in Tilt Cove which would be an excellent spin out dividend to shareholders .
Also, note that just how little known we are in the valuation proxy chart especially MOZ  which had a market cap over $400 million at this stage of its project ontogeny .........we have no where to go but up..








https://assets.website-files.com/625ef6598e554ef8a014fb7b/63b71ffa81f91d4db621cca3_SGNL%20Corporate%20Presentation%20Jan%202023-compressed.pdf

Comment by longagau2 on Jan 05, 2023 10:50pm
If they get that much for nfld assets it would almost serve as the collateral for the loan to develop Goldboro.  I'm not as optimistic that they will get that much, especially considering sgnl market cap is only 76M.  I do agree nfld assets SHOULD be worth that much though.  It might make more sense for a company interested in nfld assets at that price to just buy out sgnl ...more  
Comment by DoumDiDoum on Jan 06, 2023 7:49am
 I totally agree with longagau about a major with ca$h, wanting to set foot in the Atlantic area, would be the perfect buyer for NFLD assets. This major could act as a consolidator and buy MAE also. However Maritime Resources (MAE) could also be interested as they must invest $14M (according to their FS published in October) into their old Nugget Pond process plant to have it processing ...more  
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