Goldboro 2021 Feasibility Study: A Robust Open Pit Project
Goldboro 2021 Feasibility Study: Gold Price Leverage
SIGNAL
-GOLD-
Description
Unit
Net Present Value (C$ M)
.
The Feasibility Study indicates a
robust Project with strong economics
at US$1,600 gold (C$2,000), with
significant leverage in an increasing
gold price environment
% Variation
%
-20%
-10%
0%
+10%
+20%
US$/oz
US$1,280
US$1,440
US$1,600 US$1,760 US$1,860
Au Price
C$/oz
C$1,600 C$1,800 C$2,000 C$2,200 C$2,325
0%
C$M
219
274
529
684
839
• At a US$1,760 gold price (C$2,200),
the after-tax NPV 5% of Goldboro
increases to over $442 million, with
an after-tax IRR of 31.7% and a
payback period of only 2.5 years
3%
C$M
140
269
398
526
654
Discount Rate
5%
C$M
98
214
328
442
556
8%
C$M
47
146
243
340
437
10%
C$M
20
110
197
285
372
IRR
%
11.7%
18.9%
25.5%
31.7%
37.5%
TSX: SGNL | OTCQX: SGNLF
Payback Period
years
6.1
4.7
2.9
2.5
2.2
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