Renegade Gold Inc V.RAGE

Alternate Symbol(s): TGLDF

Metals & Mining Gold

Renegade Gold Inc. is a Canada-based company, which is engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of Northern Ontario. Its principal business activity is the exploration and evaluation of mineral assets. The Company holds over 1,200 square kilometers of property in the Red Lake gold district of Ontario, including key areas adjacent to Evolution’s Red Lake Mine, Kinross’ Great Bear Project, West Lake Gold Mine’s Madsen Mine and First Mining Gold’s Springpole Project. It holds a 100% interest in the Newman Todd properties (the NT Project). Its Red Lake Gold Property is a 16,900 hectares (ha) land package strategically located between the Madsen Mine, Kinross’ Dixie Project, and Evolution Mining’s Red Lake mines. Its Confederation Belt Property covers 57,000 ha and spans 65 kilometers (km). The Sidace Project is located 28 km northeast of Red Lake, at the northern extent of the Red Lake Greenstone Belt.

TSXV:RAGE - Post by User

Renegade Gold Inc

Bullboard Posts

Comment by golden_timeson Jun 11, 2014 2:41pm

399 Views

Post# 22650333

RE:RE:Update on drill

Not yet. Keep calm and let this stock fly under the radar. True will move forward and deliver in any gold price environment. This is a winner and with a EV of below $120 mn this pick is dirty cheap. So still great buying opps.

See almost a 50% chance of a coming take over in 2014-2015 and SP way above .60 CAD. In the long term this has real potential to be a multi $ stock if they successfully build up a highly profitable open pit + HL gold mine with 150-250k gold ounces per year and show district size potential (> 10 mn oz, imho they will prove this).

Just at the valuation at Alamos and Semafo, or also Argonaut, Papillon, Primero, Oceana - True Gold has a looooong way to go.

And never forget, it's not only about high grade and size, today it's all about quality, high margin, safe jurisdiction and growth potential. True Gold remains a margin leader.