Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  V.WRLG.NT.U | V.WRLG.WT | V.WRLG.WT.A | WRLGF | WLGMF

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (Km2) land package in the Red Lake district of Ontario. The Company’s project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high-grade gold mines of the Red Lake Gold District. The Company’s West Red Lake Project has approximately 3100-hectare property encompassing three former gold mines, including Rowan Mine, Red Summit Mine and Mount Jamie Mine. The Rowan Mine Property is comprised of approximately 119 claims. The Mount Jamie Mine Property is 100% owned and consists of approximately 26 claims. The Red Summit Mine Property consists of over two 100% owned patented claims situated within the Rowan Mine property. The NT Zone is located on the Rowan Mine Property portion of the West Red Lake Project.


TSXV:WRLG - Post by User

Comment by Frozengoldwaition Jun 24, 2023 7:44pm
182 Views
Post# 35513188

RE:Re: The Plan Forward

RE:Re: The Plan ForwardMore infill drilling ?  Additional drilling at Madsen will not prove they can mine here profitably. Then what, start a feasibility study?  Some of the results from Rowan are very encouraging.

How about definition drilling at the existing mining areas.  If they start an exploration drilling program now,  this is going to languish and drop. I believe there is a mine here and it needs to start mining.

Buy The appropriate narrow vein equipment and get at it. At half the mill capacity, say 400tpd, it   would produce revenue close to the market cap.  Now that is a succesful mine. 

Ideas of a big producer can come later but a smaller operation with costs under 1000/oz  will prove the business is legit and profitable.   The big reward and production is out there in the future,  Frank thinking that is where they have to start may be a downfall.

One more thought.  How much admin/exec  do they think they need? The team is pretty big and expensive. They hired another exec with questionable past instead of a metalurgist for the mill.  Tony was skidded out by AEM so fast  his head is still spinning.

<< Previous
Bullboard Posts
Next >>