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Red Lake Madsen Mine Ltd LRTNF

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

Post by timjim0417on Sep 13, 2021 3:55pm
206 Views
Post# 33849991

Pgm is just getting started

Pgm is just getting startedI think we should all try to think objectively about this stock right now. (+)s They just announced commercial production and grades are improving something like 5.5 or 6.5 g/t. Averaging more than 800 t/d. They expect costs to go down over time. They will hit the 8 zone sooner than expected. Gold price has been sitting around 1800 USD. Inflation around the world may cause gold to spike. (-)s They have no money basically and have to do these finance deals that dilute shareholders. Sp is down to 52 week low. They are cashflow negative. Momentum is somewhat low but volume is increasing with low sp. So with all that what are predictions short term for next few months and long term.
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