Signal Gold Inc T.SGNL

Pointe Rousse

[MAKEITBACK]

Is there a gold price at which our mine could be run profitably again or is that off the table?

[Beersy24]

Sounds like it's off the table. They are looking at limiting all risk and putting 100 percent of their resources towards Goldboro. 

[DoumDiDoum]

That's off the table: they are derisking in order to advance Goldboro in Nova-Scotia.

[MAKEITBACK]

Correct me if I am wrong, but shuttering a working mine that has a resource and a gold price that makes it profitable is not the definition of derisking. It is what most juniors wish they had. It is possible to run a mine and explore at the same time, and the income funds the drilling program.

[shiftyone]

MAKEITBACK what it means to me is they were so desperate for cash that they had to put it under care and maintenance to try and raise enough cash to keep the company a going concern.  Even the auditors have concerns about this.    The monies they raised Kevin said is at an interest rate in the "high teens" and that is without penalties.  He said it was the best they

[DoumDiDoum]

No, please inform yourself about the Stog'er Tight deposit: a lot of money would have been needed before any gold could be poured from it. Thus a lot of risks before getting ca$h flow from it.

[shiftyone]

when i search d. doum nova scotia... you know what comes at the top of the page. J.D. Hill. once again.  same as when i searched geologist forest hlls

[5er]

Ha Ha Ha Ha!  You are having illusions of J.D. Hill every time you search someone on this board.  You see him everywhere.  Your demented persona is showing again!  Next you will be saying when you search 5er .. you know what comes at the top of the page. J.D. Hill. The only problem is:  You can't spell 5er!  Ha Ha Ha Ha!

[GoldNHill]

Stoger T is break even 50 - 50 so too risky period full stop!!...so simply not a good bet. They are putting all their eggs in the larger basket Goldboro 100,000 ounces + per year.  Sub 20,000 ounces per year garners no excitement as we have seen for the past several years. Time to move onto a bigger production profile that will attract attention. Remaining Permits and Financing and BOOM

[MAKEITBACK]

"Stoger T is break even 50 - 50 so too risky period full stop" If you read my original comment the question was is there a gold price at which Pointe Rousse is not too risky?  re comments about our financial position by our friend:  This company is a long way from bankruptcy and the only way that would happen would be gross msmangement!

[GoldNHill]

For sure there is a price where PR becomes less risky.  My guess is somewhere around $USD2200 - 2500 given that they would have to hire back miners, get permits, dewater Camp Pond (as I think the deposit is partially under the Camp Pond), get the mill ready to roll again....all for a number of months production....it is doable...but still risky as we saw with Argyle. Just my opinion...we do

[GoldinMind123]

The deposit itself, in short yes. But it won't be Signal Gold to do it. It's going to take someone whom wants to realize synergies like Maritime Resources or Rambler. Or someone interested in exploration and the land package in order to move the Point Rousse Assets forward. Make no mistake any deal will be for pennies on the dollar in terms of asset value, an idled operation is