My best guess from gauging the details below, which is from their latest quarterly report, the gold crushing, processing and separating will commence during the Week 8th of March to 12th of March 2011! IMO!
The plant looks like its 85-90% complete, and in most cases only requires testing after final touches!
Even the final components, the absorption tank agitator, of the gold mine are almost complete!
At current spot prices of $1300 per ounce and a cash cost of approx $450 per ounce, that leaves a gross profit margin of $850 per ounce.
So the value, after costs, of Signature Metal's JORC Gold Resource is approx $850 x 1.47m ounces =
$1.25Billion in Future Profits!
All they need to do is fire up the gold processing plant AND AWAY THEY GO!
And best of all, they are sitting on some high quality real estate at Ashanti! Very easy for them to keep drilling, increasing their Resource, hence increasing their annual production and profit! :)
We have a MultiBagger on our hands fellas!!!
Cheers Nectar
SBL Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held
