Post by
Geodan2 on Sep 19, 2024 8:27pm
Looks like funding is the issue. GoldNHill, agree way more
I went thru the presentation, agree millions more gold oz is likley, that can really increase IRR and reduce ASIC. There could be 40+ years of ore with all those structures, IP maps. etc.
They plan to build a mill, quite a bit of capital to do that. Also watched what appers to be newest video where CEO focused on permoits and drilling https://www.youtube.com/watch?v=tKGGVCmeUA4
and prior one where he thinks they need to prove up more oz to get funded. With $2600 gold now and maybe $3200 in 2025 funding can change radically with all sorts of money coming into the sector. The high grade for a pit is very appealing. BTW just on 2 million oz when gold goes up $40 in a day, that is $80 million usd more value in ground on a $16 million usd mkt cap company with 100% ownership.
We need some luck here on funding. They do have cash now, so matter of how soon they can get funding. Cheers
https://assets.website-files.com/625ef6598e554ef8a014fb7b/66abb8af2d1de23e0afd353a_SGNL%20Corporate%20Presentation%20August%202024.pdf