Red Lake Madsen Mine Ltd LRTNF

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

[Maybeweather]

Can not wrap my head around the market pricing PGM at .11 cents a share for the last month. 

obviously some bumps in the road and the first half of year has been a disaster. But if we see a cash flow positive 2nd half (which seems likely enough), this thing is going to seriously turn around valuation wise. The current cash Situation is uncomfortable sure but the amount of debt isn't insane by any means, certainly manageable with some actual production.

some one tell me that I'm wrong here am I missing somthing?

[kikker01]

This has been a disaster since first pour. They have said they would be cash flow positive a few times already. Why believe it this time? Sprott has them over a barrell. Reserve spit, more dilution coming. Sill arent reaching fs grades, until they show they can control or limit the overbreak they may never. Puting money here isnt investing, its gambling.

[CanadianAnimal]

Kikker that is exactly right . It is gambling but isnt the whole stock market gambling. Different stocks are like different slot machines and games. Some payout alot more than others but the odds are more or less in your favour depending on chances of hitting it big. I have lost massivly here but I think things are gonna keep making that positive turn just like the roulette wheel coming around to

[kirk15]

lots of pike there, and oddly over 17 there is no season on bass.

[Maybeweather]

This is aging well. Calling 25 cents by Christmas. 30+ cents if gold goes on a tear. 

[Maybeweather]

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