Bullboard - Stock Discussion Forum Signal Gold Inc T.SGNL

Alternate Symbol(s): SGNLF

Metals & Mining Gold Industrial Metals & Minerals

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

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TSX:SGNL - Post Discussion

Signal Gold Inc > Not mush to say but

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Post by wearethebest on Feb 28, 2023 10:45am

Not mush to say but

ARE THEY GOING TO USE ALL THE NEW MONEY TO DRILL FOR ANOTHER 25 YEARS AND THE GOLD WILL STILL BE IN THE GROUND .

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Comment by DoumDiDoum on Feb 28, 2023 11:55am

No, the money will be used to advance the development of Goldboro and produce a new Feasibility Study. Concrete work will be done with the money.

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Comment by wearethebest on Feb 28, 2023 2:01pm

Oh so they will use all the money on concrete to fill all the holes that were dug in the last 35 or more years.The ground must be getting prety weak with all them holes.

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Comment by 5er on Feb 28, 2023 3:33pm

Another happy customer! Buy it while you can.

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Comment by GoldNHill on Feb 28, 2023 4:03pm

Current cash is to move the existing resource forward to production. Construction to start 1st quarter next year. Ongoing drilling is simply a bonus to add to the growing resource pile....an exploration upside bonus where we can get to 5 million ounces...and with more drilling over a few more years....yes years potential for 10million ounces. How else can one grow the resource...guess ...more

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Comment by shiftyone on Feb 28, 2023 4:14pm

GoldNHill said Take a look at any other company that has a 5 million ounce resource and see how many holes were drilled...Far fewer than what has been completed on the Goldboro property. -------------- Wow...if I knew we had a 5 million ounce resource, I would never have sold.

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