Red Pine Exploration Inc V.RPX

Alternate Symbol(s): RDEXF

Metals & Mining Gold

Red Pine Exploration Inc. is a Canadian gold exploration company. The Company is in the exploration stage and has not commenced any commercial operations. The Company’s flagship asset is the Wawa Gold Project. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario. The Wawa Gold Project covers over 7,021 hectares (ha), including 309 claims covering 4,788 ha; 17 leases covering 790 ha; and 105 patents covering 1,443 ha. The Wawa Gold Project hosts several former smaller scale mining operations with a combined historic production of approximately 419,560 tons with a recovered 120,093 oz of gold at an average head grade of 9.04g/t1 Au, is located approximately two kilometers east of the Town of Wawa in northern Ontario. The Company holds claims on various other properties, which include Cayenne Property, Fern Elizabeth Property, and Rand Garrison Property. Cayenne Property is a 133-ha property. The Company also holds NSR royalties on various properties.

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Red Pine Exploration Inc > Starting to regret

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Comment by mjh9413on Oct 01, 2021 2:10pm

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Post# 33953257

RE:RE:Starting to regret

A few points.. They had $4.9MM= @ their Aprl 30th 9 mos after electing to pay a total of $12MM+ cash (price and fees) for Wawa they didn't own. They have 12.8MM in-the-money warrants exp dec 2021 as at that April date and salaries and Admin cost are about $0.5MM/qtr.
Take away expploration costs with warrants exercised they should be okay for another several months. Warrant exercise willprobably hold sp.
Any views on CEO. How long has he been there/ Thanks

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