West Red Lake Gold Mines Ltd V.WRLG

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

Metals & Mining Gold

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) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,648 hectares (46.5 km2). It also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Property is comprised of 146 claims, including 58 patented claims, 20 leased, 65 staked crowns and three under license of occupation. The 3,100-hectare Rowan Property covers 12 km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone.

TSXV:WRLG - Post by User

West Red Lake Gold Mines Ltd

<< Previous

Bullboard Posts

Next >>

Post by pppon Apr 17, 2024 10:02am

484 Views

Post# 35993547

What's it Worth?

Reason I think this is a good buy.
Management is proven.
Project is in Canada.
MC is under 200 mil.
Mine should produce 100,000 onces a year once started in 25.
The average miner trades at EV to production ounce of 4000 dollars. Canadian miners trade higher. Alamos trades at 10,000 per ounce of production.

Based on this, WRLG could trade as high at 6000 per ounce or as high as a EV of 600 mil.

So a 3 fold increase is not out of the question. Plus the blue sky of the drilling.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario