Signal Gold
Primary ticker: TSX: SGNL
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Goldboro Project
Project location: Canada
Website:www.signalgold.com
Signal Gold is advancing the Goldboro Project in Nova Scotia, a significant gold project subject to a positive Feasibility Study outlining an ~11-year open pit life of mine (“LOM”) with average gold production of 100,000 ounces per annum.
Cash: CAD$9.3M
Debt: CAD$22.4M
Major shareholders:
Jupiter Asset Management
Earth Resources
SSI Asset Management
Qantex AG
Nebari Resources
Management ownership – 3.1%
Financials
Management Profile
What is your rationale for taking part 121 Mining Investment?
Equity Investors, on-market interest, updates to existing shareholders
What recent news would you like to highlight to investors attending?
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Identify a strategic partner to advance the Goldboro Project, continued growth exploration near-resource and regionally
6 Months:
Exploration drilling and discovery, receipt of certain permits
12 Months:
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Disconnect between market cap and project value, working with BMO to identify strategic partner and demonstrating growth potential of the Goldboro Resource and regionally, obtaining all key project permits
What do you think makes your company such a compelling investment?
High-grade development project in Canada in a record high gold environment, trading at a huge discount to Project value