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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 crazytimeson Jul 16, 2024 12:12pm
106 Views
Post# 36134869

Looks Like Limited Downside & Lots Upside at This Price!

Looks Like Limited Downside & Lots Upside at This Price! Read the conference call, studied the discrepancies and impacts, etc. etc. and all in all, looks like this is an amazing deal with a solid growing resource beaten up on reputation, but not substance. Wouldn't be surprised if this is being held down for a financing prior to the release of the updated resource. However with gold ripping, hard to see how this doesn't get it's legs back soon, especially with the new ceo. Lot to like here, and what there wasn't to like is gone. They dodged a major bullet this was found before the resource update.  Could go a penny lower, but with gold ripping it's hard to time a company like this that can be pushed up or down by one buyer at any time. Hard to see how this doesn't eventually rerate, much much higher. Just my opinion. 
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