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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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Post by Wineauxon Jul 13, 2021 10:02am
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Post# 33535324

Sprott's PT is C$2.05 after incorporating today's PR.

Sprott's PT is C$2.05 after incorporating today's PR.
Here's Sprott's latest research report on PGM incorporating today's press release. They show $8M cash at Y/E and had a price target of C$2.05. Stock is up today. The commercial production miss is already priced in. Things are moving forward. I predict this is the bottom and probably the best buying opportunity as things continued to be de-risked.  
 
https://sprott.com/media/4099/210713-scp-pgm-2q.pdf
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