Red Lake Madsen Mine Ltd LRTNF

RE:RE:RE:Unusual

[Welchspring]

Certainly appreciate the update but it is very clear that with the cost of production and not getting to zone 8 for the next two or three quarters, perhaps four quarters  we are going to be fighting to maintain 1.00 per share.

The stock market is in a mess and I do suspect that after the Fed minutes come out on Wednesday there will be some discussion notes on bond purchase tapering. Although a date to start the tapering process will not be mentioned in the minutes we will see a hint of the Fed wanting to start tapering. The Fed have a meeting at the end of August and J. Powell will likely announce the tapering process at the end of August. It's likely the purchase of bond which have been 120 billion per month will be tapered to perhaps 110 - 100 billion per month with the intent of a reduction of bond purchases over a period of time. This will will throw the market in a panic. In my opinion September will be a nasty month for the stock market.