Red Lake Madsen Mine Ltd LRTNF

Metals & Mining Gold

Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

GREY:LRTNF - Post by User

Red Lake Madsen Mine Ltd

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Comment by dmacdon Feb 11, 2019 4:38pm

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Post# 29349307

RE:RE:RE:RE:PFS

Where did that SP target come from? That is Pure Dreaming. My target is a double in 18 months if gold is stable. My hope is gold rises by then for more upside and maybe another double. Downside will be mitigated once financing is in place. Pure Gold is a leveraged play on 18 mon gold price. So far this team has delivered ... PEA will help with financing but may not be needed. It might however lead to a takeover. $1.20/sh and I will take the double and move on. Otherwise I will prefer to wait for the value to be delivered.

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