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Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based company focused on gold exploration. The Company’s principal business activities include the acquisition and exploration of mineral property assets. It is focused on high-impact gold exploration through its 21,238 hectares district-scale Whirlwind Jack gold project situated near Red Lake, Ontario. Its projects include Whirlwind Jack Gold Project, Fenelon North Gold Project, Preston District Uranium Project, and Celt Lake Lithium Project. The Whirlwind Jack Gold Project is a district-scale gold exploration project located near Red Lake, Ontario. The Fenelon North Gold Project is situated within the core of the Fenelon gold district. The Preston District Uranium Project is located in Saskatchewan near exploration projects held in by Azincourt Energy Corp. and Orano Canada. The Celt Lake Lithium Project is located in Red Lake Mining District, Ontario, Canada. The Celt Lake Lithium Project has approximately 500 claims.


CSE:RGLD - Post by User

Post by goindeeperon Aug 23, 2019 12:33pm
67 Views
Post# 30059291

Our market cap is still tiny

Our market cap is still tiny

at $.30 and 27.4M shares, we are at CAD$8.2 million.

As others have pointed out, the share price has to go up just to match the market caps of the other area plays if for no other reason.

If a major sees something they like after GBRs septemeber 4 show, they could offer us 100% premium just for speculation and it would still be cheap to them.  Hell, if GBR thinks the deposit crosses into our claims, they could make us an offer today with the money they still have left in their drill program and exercised warrants.  With the grades they are looking at, it wouldn't take much of an extension to cover even a CAD$32million purchase price.  

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