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Wescan Goldfields Inc V.WGF

Alternate Symbol(s):  WEGOF

Wescan Goldfields Inc. is a Canada-based mineral exploration company based in Saskatchewan. The Company is focused on the exploration of its portfolio of gold properties and the acquisition of new exploration targets. Its properties include Fork Lake property, Jojay gold property and Munro Lake gold property. The Company holds a 100% interest in the Fork Lake/Jasper/Tamar (Jasper) gold property, consisting of certain mineral dispositions covering 6,513 hectares located approximately 150 kilometers northeast of La Ronge, Saskatchewan. The Jojay gold property consists of five claim blocks covering 1,496 hectares located approximately 150 kilometers northeast of La Ronge, Saskatchewan. The Company holds a 100% interest in the Munro Lake gold property. The Munro Lake property consists of mineral dispositions covering 2,489 hectares located approximately 128 kilometers northeast of La Ronge, Saskatchewan.


TSXV:WGF - Post by User

Bullboard Posts
Post by philtlucreon Aug 27, 2010 12:05pm
975 Views
Post# 17389834

I can see the Jolu mill from here!

I can see the Jolu mill from here!More grist for the mill:

GBN's shiny new website provides a useful idea how close Jojay's 100,000+ oz. deposit is to the Jolu Mill.

https://www.goldenbandresources.com/images/file/LaRongeMap_800.jpg


Jojay ore deposit is maybe 3 km to the Mill. Conveyer belt would easily transport ore to the mill. Or just get a few investors to bucket-brigade it. By contrast the Bingo deposit is 30 km from Jolu. Question is: what is Jojay worth to GBN? Personally I can't see WGF spending another couple of million to prove Jojay up any further - esp. when WGF's MD&A intends to focus on coal deposit expl. POG is $1200 USD. The time to sell of Jojay is now, when refinancing is not at a critical point. And when s/p is at 52-week lows esp. jmho. Comments? p
Bullboard Posts