Signal Gold Inc T.SGNL

SGNL and Sprott

[Lothar]

I'm new to SGNL. Bought because it looked like a good takeover target to hold in an appreciating PMs environment. Downsides I can identify are debt, strip ratio, and the continuity uncertainty of the grade in Nova Scotia anticline gold deposits. For upside, resource/reserve grade is very attractive, as well as reserve expansion potential underground and resource expansion potential to the west. Jurisdiction is also a plus both provincially with a Conservative majority government and locally as a rural, industry welcoming area.

Couple questions:

1. Does Sprott have a stake in this company (I've seen this mentioned here) and if so, how much?

2. How does this deposit compare geologically and resource wise to the former Atlantic Gold operation at Touquoy? From what I can tell contained ounces are comparable but the SGNL grade is way better so if Touquoy was profitable 5 years ago (until St. Barbara stepped in and mismanaged everything) then Goldboro would be a no brainer now.

Thoughts Appreciated,
-L

[GoldNHill]

Regarding point 2. Atlantic Gold had ~500,000 ounces at Touquoy and a grade less than 1.2g/t. Goldboro has 1.1 million ounces in two pits...will probably be close to 1.3 when the new FS comes out this quarter and the grade is 2.26 g/t...no inferred numbers.  Underground phase2 combined with pit they have 3.1 million economic ounces...this number will also grow as more holes are collared and