Red Lake Madsen Mine Ltd LRTNF

CEO Mark O'Dea...Latest Presentation Summary..

[Digger0144]

For those of you that have not listened to the latest interview with Mark O'Dea I will post the link below.  I will highlight the relevent comments made which by the way are very, very positive.  Much more work has to be done but they will get there...the only question is having enough money to finish the job...they are very, very close.  Creating positive cash flow from the operation is not a question of getting there...but...running out of money before they reach that milestone.  Support is at hand in one form or another.

Before I list the relevent comments it is important to note that the most recent resource estimate released is of a "robust" nature and takes into account factual information and includes knowledge and experience  accumulated by working the mine in real time...namely 12 months of work history of the mine.  In my opinion it is most beneficial as they work the mine into the future...but...any suitor now has the basis for a very broad and strong understanding of what is there..I believe that many will now "kick the tires" as factual information becomes available.  A new banner will be flying soon at the Pure Gold Mine site...Evolution Mining will be the new owner very soon.

Highlights:  MSO...Mine Stope Optimization..a true understanding of the geology of such...adjusted size and shape of 77 different mineralized domains.  Realities of the ore body.

Solid foundation to actually build a real business.  Operational updates on a regular basis...positive records have been set in the past 4-6 weeks...I believe we will get an update this week.

In the past seven months...a course of relentless forward progress...unconstrained growth...scaleable project...just begun, scratched the surface.

In my opinion they have finally got it right...there job is to grow on their achievements and highlight what is there.  Prospective Entities will line up for this one now...the uncertainity is being lifted.  I believe they have delayed releasing results as long as they can...the delay bought them time to get a better deal for the operation...they are aware that they will not be able to keep it moving into the future.  In otherwords.."a sitting duck."

Pure Gold Mining says new Mineral Resources Estimate for PureGold Mine 'forms a solid foundation' - YouTube

All the Best!
Digger0144

[shelby2]

Hi Digger, u say Evolution maybe the new owner soon, if so will we see a buyout and at what range. will it be fair with all they have in ground and the mill? u seem to think this will happen before 2023 is that fair Thanx

[Fredfudpucker00]

Digger, I feel this mine still has a long way to go before someone becomes interested. Which company would buy this mine without a feasibility study being done,and no existing P&P Reserves. Unless they push a lot more ounces through the mill , and can lower cash burn , the likely controller of this mine will be Sprott. And what Sprott will do with this place is anyones guess.

[Powerman5000]

Wow. Another quarter and another presentation. Keep going. Handing more and more evidence over for the class action is always a good idea. Of course now he'll be lying to Sprout and Anglo -- does O'Dea have a death wish?

[Powerman5000]

Imagine getting hung on a rope made of your own optimism? This will be funny.

[jake12116]

So you wouldn't be buying at this price or time ?  im thinking of buying seems cheap