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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

Comment by thelostarcon Feb 09, 2022 1:48pm
144 Views
Post# 34413412

RE:RE:0,61$ really ???

RE:RE:0,61$ really ???I second that @flashcard

The company has fumbled the ball so far in the game and there are only a few plays left before time is up.

The only issue is that it is the same management now as it was before, no one new has been introduced to the high level picture here. They've just reshuffled some roles in order to buy time. 

The only good thing now is Maryse Belanger being on site and working some mining magic. But it might take more than a couple of card tricks to get this audience applausing. We need to see the white rabbit come out of a hat! We need to see the production numbers.

Production numbers, plain and simple. Tons per day, grams of gold per ton, average recoveries in the mill. Ideally, I'd like to see a breakdown of material mined and ore milled. See what is waste/dilution and what's going to the stockpiles.

There is no more dancing around it. We need 5,000 oz per month... better if it were 6,000 oz per month. There are lots of mines producing in this range with a quarter of the market cap and half the resources as available to PGM and they still can't get their act together. They need to shape up, fast!
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