Red Lake Madsen Mine Ltd V.PGM.H

Primary Symbol: LRTNF

Metals & Mining Gold

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

Red Lake Madsen Mine Ltd > Valuation is super cheap

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Comment by Gr8playon Oct 31, 2022 12:54pm

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Post# 35060479

RE:RE:RE:RE:RE:RE:Valuation is super cheap

Current market cap. is $14.8 million. The stock is ridiculously undervalued. They have an operating gold mill and a 2 million ounce + deposit! They have all the required permits in place. Its a no brainer. You cannot build a mill for less than 20x the current market cap. alone, and that is very conservative. Its only a matter of time before they get the right operations and management team in place to make this operation fly. This is the issue in my opinion. Everything else is plug and play.

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