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Red Lake Madsen Mine Ltd LRTNF

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

Comment by lumpy13on May 10, 2020 1:54pm
236 Views
Post# 31009276

RE:5 million high grade ounces? Good discussion ....

RE:5 million high grade ounces? Good discussion ....Thanks for this.  Need to go to around 37/38 minutes to hear about Pure Gold.  Concur with the assessment that re-rating - as gold production begins yearend - should drive price higher.  A lower risk play, in my view, but won't have a multi-x return as it's already gone up nicely.

And agree with you on MOZ and the PP.  It made sense.  Too many investors don't understand pre-production juniors, the continual need for cash and that it's safer to have a nice cushion, especially in times of uncertainty.
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