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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 Maybeweatheron Sep 22, 2022 5:18pm
140 Views
Post# 34980250

RE:RE:Pure Gold Mine (TSXV:PGM). Share a more undervalued company

RE:RE:Pure Gold Mine (TSXV:PGM). Share a more undervalued company

To speculate further, I foresee Q3 production strong enough to push above 20 cents, 40 mill worth of warrants exercised (0.18c per) will fund the rest of the way to 8 zone/ deeper, better deposits. With the grades that are at the 900 Meter level they are printing money. Market cap ( In my personal opinion only) should touch 500 mill easily inside of 8 months. O'Dea is the real deal in my opinion. 

955 Million outstanding (with warrants) shares is abit of a drag and I certainly see that. The fact is when you compare market caps with similar canadian producers you see the potential for a true mutilbagger here.

very excited about this project at rock bottom valuations. Certainly Not financial advice, The risk is obviously still very high with the current cash position. 

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