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Renegade Gold Inc V.RAGE

Alternate Symbol(s):  TGLDF

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

Bullboard Posts
Comment by HappyInvestingon Aug 10, 2015 12:47pm
248 Views
Post# 24003569

RE:TGM

RE:TGMI disagree that this is as high risk as you make out - with regards to the October election.  Mining in Burkina Faso is huge and accounts for a substantial part of their total exports.  Gold is their largest export and the government stands to make substantial amounts of money from this one mine alone.  There are a lot of other companies in BF developing mines as we speak - all at different stages.  Does anyone really believe the government would do something to alter agreements in place with TGM, or change laws so that they wouldn't be able to complete their mine construction, etc?  That would be suicide for the country's economy, as all further foreign investment in the country would come to a halt.  That would make no sense.   Further, TGM management have good relations with all  the candidates and each supports the completion of this mine.  The October election is a bit of red herring if you ask me.  

Operationally, this is very low risk as it's very simple open-pit mining and heap leaching of high grade ore.  The only real risk is falling gold prices and we're at or near the bottom now. I won't even get into valuations.  From here on, it's little risk and high return!  
Bullboard Posts