The point at which the simile breaks down is this: we can indicate a point on the paper, without knowing what white and black are; but to a proposition without a sense corresponds nothing at all, for it signifies no thing (truth-value) whose properties are called “false” or “true”; the verb of the proposition is not “is true” or “is false”—as Frege thought—but that which “is true” must already contain the verb.
Every proposition must already have a sense; assertion cannot give it a sense, for what it asserts is the sense itself. And the same holds of denial, etc.