Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based junior mining exploration company. The Company’s principal business activities include the acquisition and exploration of mineral property assets. It is focused on high-impact gold exploration through its 21,238-hectare district-scale Whirlwind Jack gold project situated near Red Lake, Ontario. Its projects include Whirlwind Jack Gold Project, Fenelon North Gold Project, Preston District Uranium Project, and Celt Lake Lithium Project. The Whirlwind Jack Gold Project is a district-scale gold exploration project located near Red Lake, Ontario. The Fenelon North Gold Project is situated within the core of the Fenelon gold district. The Preston District Uranium Project, which consists of over 11 mining licenses totaling approximately 56571 hectares, is located in the Athabasaca Basin region of Saskatchewan. The Celt Lake Lithium Project is located in Red Lake Mining District, Ontario, Canada. The Celt Lake Lithium Project has approximately 500 claims.

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Red Lake Gold Inc > Dixie Area Play Market Cap Comparison

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Comment by SuneeDazeon Dec 31, 2019 4:25pm

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Post# 30506977

RE:Dixie Area Play Market Cap Comparison

The most insanely ridiculous, crazy assed valuation award goes to GLM (Golden Lake Exploration)...though not Red lake related.

Another Mike England (Ryan Kalt investment) company, but in Nevada.

12.3 million shares at 0.165 for a $2 million + change m/c

What does $2 million get you?

Past intersections from 15-40 m in thickness and grades 2-4 g/t gold, including:
27 m of 5.5 g/t gold and 21 m of 4.2 g/t gold

SuneeDaze wrote: Here's a quick comparison of the main Dixie area companies' market caps. Yes, each has other properties, but there's no doubt that it's their Red Lake / Dixie area properties that is the main focus...and each is at its own stage of exploration.

BTU is the only one that to date has returned drill hole assays, that one being hole 13's copper-gold-silver values. Their value could change drastically (one way or the other) on the release of follow up holes.

RGLD - 28 mill. shares @ 0.26 = $ 7.2 million

GNG - 108 mill. shares @ 0.09 = $ 9.7 million

GLD - 15 mill. shares @ 0.96 = $ 14.6 million

BTU - 76 mill. shares @ 0.33 = $ 25.1 million

PAC - 222 million @ 0.15 = $ 33.3 million