Insider Buying & Strong Future Predictions CEO Insider Buying & Strong Future Projections Make This a Compelling Investment Opportunity
Insightful breakdown of West Red Lake Gold's (WRLG.v WRLGF) projections from Fantastic Mr.Stocks on Twitter:
- Processing Capacity: 800 tonnes/day at 7g/t Au for 365 days/year at the 100% owned Madsen Mine.
- Daily Production: 800t/d at 7g/t = 5600g/day Au.
- Conversion: 5600g/day / 31.1g/Oz = 180 Oz/day ≈ $414K USD/day.
- Annual Revenue: $414K x 365 = $151M USD/year.
With the current infrastructure at the Madsen Mine, WRLG could generate up to $168M USD in revenue per year once the mine has been restarted and production begins in 2H 2025.
Significantly, this exceeds WRLG's current market cap of $156M CAD.
Delving deeper, WRLG's indicated resource is 1.7M ounces thus it would take 23 years to mine the entire resource at 800t/d, suggesting the potential to scaling up operations, especially given the previous operator, Pure Gold, managed to increase mill capacity to 1000tpd: https://x.com/Fantastic_MrSTX/status/1806411844464037939
Posted on Behalf of West Red Lake Gold Mines Ltd.