Red Lake Madsen Mine Ltd LRTNF

RE:When mines is operational..

[piratestreasure]

Hey JT there is alot of factors so really any guess with fact support probably makes sense. The price of gold will be a big factor(remember to look at the price in canadian dollars currently 2048.00),ranging near all time highs, drill results leading up to production, more high grade results could be big. High grade results has our "neighbour" GBR  at $9.00 and they are nowhere near close to production. For the short term im keeping it simple Madsen has a value of 400 million and there is 360 million shares 400/360 = $1.10, without an updated resource and no profits rolling in this is where i see should be priced today. The market doesnt agree. haha. I'm long on this stock. As mentioned before I was nervous buying 100 lots at a time of Kirkland lake at 4.00! I liked the company, but waited 4 years, granted i didnt expect that great of results.. anyways. If mine start up goes smooth, and gold price like it is now  i will throw $ 1.25 guess in the hat buy end of the year. Plenty more upside after that but thats for another time.DO YOUR OWN DD PLEASE, im just a guy with some stock on a board. GLTA go pgm. Pirate