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Red Pine Exploration Inc V.RPX

Alternate Symbol(s):  RDEXF

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.


TSXV:RPX - Post by User

Post by rigpig99on May 10, 2024 11:42am
135 Views
Post# 36033690

9 years of company reported false assays

9 years of company reported false assaysDo your own DD but to me this should mean that the company is responsible for the former CEO's actions. And that there will be reason for the large investors to file lawsuits to get what they can back. Alamos is a large player here so they may be able to get the whole property for very little if they still want it as bankruptcy settlements are made. The retail investor will likely be left out to dry. The property that the company owns may still be very valuable but the company may have to give it up and declare bankruptcy to settle lawsuits.  

Just my opinion.  
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