Signal Gold Inc T.SGNL

Pros And Cons : Goliath vs THE BEAST (Goldboro)

[DoumDiDoum]

I think that the first discussion could be about the properties. I already detailed a comparison sheet between the two base on the last NI-43-101 published by both companies Merger DD : Data Comparison Between NexGold And Signal Gold.

After my DD, I think (i.e. debatable), that Goldboro brings more on the table than Goliath. Here is what's behind my reasoning.

• Goldboro shows currently more resources (3.124Moz at $1600 gold) than Goliath (2.95Moz at 1700$ gold). Goliath has however 1.46Moz in the reserve category vs 1.15Moz for Goldboro. However, there are a lot of drilling done at Goldboro that have not been included in Goldboro's resource estimate. Also, NexGold has used a higher gold price for their PFS study.
• Resource is higer grade for Goldboro
• Goldboro pitable resources (1.5 to 2.0 kms) are much more closer than for Goliath Complex (over 35 kms).
• Goldboro is free of royalty. There are several royalties set on Goliath complex (2.2% NSR to Sprott Resources for the entire life of the project;Other royalties from 1% to 2.5% on some parcels; Total of about $100k yearly payments to some land owners). This gives a lot more leverage for Goldboro to finance the development of the mine.
• It seems that Goldboro is closer to production than Goliath.
• I'm not considering the initial capex for developing the mines as even if Goldboro has the lowest one ($271M vs $331M), this amount is outdated.
• Right now, the AISC is almost US$200 cheaper for Goldboro (US$849/oz vs US$1037/oz). Perhaps costs will go higher for Goldboro as the FS is 1 year older than Goliath's one, but I would be surprised if they pass the US$1000 mark.

So all in all, I think we could put the following CONS and PROS when conparing the properties:

NexGold

CONS:

• Royalties are present on the properties

Signal Gold

PROS: 

• Slightly better resource package (more resources and simpler open pits)
• More leverage in financing the mine as Goldboro is royalty free

Comments anybody?

[shiftyone]

"After my DD, I think (i.e. debatable), that Goldboro brings more on the table than Goliath. Here is what's behind my reasoning. Goldboro shows currently more resources (3.124Moz at $1600 gold) than Goliath (2.95Moz at 1700$ gold). Goliath has however 1.46Moz in the reserve category vs 1.15Moz for Goldboro. However, there are a lot of drilling

[shiftyone]

Shifty said "You forgot to mention that apparently Nabairi will get a 6% net smelter royalty on the Goldboro project according to the news releases.  Did you forget that? ---------------- that was a big mistake on my part. it was a 0.6% NSR on Goldboro.  For $6 million US?  That seems extremely expensive unless they expect the mine to be up and running within the 24 months

[DoumDiDoum]

OK, I invited only shareholders to the discussion but if you keep it nice and respectful like this, I guess we can tolerate your presence if the other shareholders agree. Thanks for your comments (really). Just so you know, and I told you before, I used the latest published NI-43-101 reports available + the latest published news releases as references to initiate the discussion.   

[shiftyone]

Doumdidumb, I'm not interested in really listening to you anymore.  but i do read your posts.

[shiftyone]

ps.  you have only invited shareholders to contribute to the conversation.  sorry.... didn't realize it was your forum. you don't know if i am a shareholder or not.

[shiftyone]

Here are some corrections regarding some of the statements you said about Royalties:   Sprott Resources has 2.2% NSR on all the gold that will be extracted from the ground. That represents, using your $2700 for an ounce of gold, near 60$ an ounce. Plus all the other royalties from 1% to 2.5% or some land package. Plus the yearly payment of $100k (which is payable even if you're not

[shiftyone]

OK, I invited only shareholders to the discussion but if you keep it nice and respectful like this, I guess we can tolerate your presence if the other shareholders agree. Thanks for your comments (really). Just so you know, and I told you before, I used the latest published NI-43-101 reports available + the latest published news releases as references to initiate the discussion.   

[andre171]

For gold at $2500, Goliath's NPV@5% is CAD 943M according to NEXG's latest presentation, and SGNL's would be +- 969M by applying a proportional rule to variation table 22.6 of 743-101. Since the two projects have +- the same NPV, we can assume that from an operational point of view they have the same potential, regardless of the other elements (Capex, reserve volumes and grades, CAS

[andre171]

@DoumDiDoum Can I expect an answer from you, since you suggest contradictory (but positive for me) discussions?

[DoumDiDoum]

Sure andre, and I hope others will too!

[Rogg47]

"OK, I invited only shareholders to the discussion but if you keep it nice and respectful like this, I guess we can tolerate your presence if the other shareholders agree." Ayayaye are your really serious DDD?!!? Geeezzzz sincerely who do you think you are?!!? Not the 1st time your posting some garbage like this, one of the reason I don't have any respect for you.... This is a

[DoumDiDoum]

Hey Rogg, another one saying that I wanna make this bullboard mine. I'm trying hard to launch a serious discussion, respectful and all, and yes everybody has his right to his opinion. But if you give an opinion, you have to accept that it can be challenged. Some here wants to give their opinions without being corrected or challenged. When that happens, they act childlishly, using name calling

[shiftyone]

Another totally useless post by DDD. Like most.. it takes a long time to read. But all the poster does is talk about anything except the stock. Ignore the rhetoric and have a discussion.  The board these days is filled with your useless drivel, adding no value to the discussion.  But the other day I looked back at pages 23-26 of your posts on SGNL..  when I first bought it. It

[shiftyone]

So Rogg, bring some diversity to the discussions here, this time not giving a unidimensional vision, and answer this question: which deposit brings more on the table for the merger? Goldboro or Goliath? --------------- So how come you never have an opinion?  You are afraid to take an opinion because someone might disagree with you. Who do you think brings more to the table? I know the