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West Red Lake Gold Mines Ltd V.WRLG

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

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

Post by marketsenseon Sep 09, 2024 4:19pm
136 Views
Post# 36215426

Traction

TractionSo far,  this is only churning in place with minimal movement.   Ms Preston would not 
address that issue however she did say their new PFS would be out in Oct.  She then
qualified that by saying it wouldn't be much different than previous one.   I don't know
what to think.   Surely with all that drilling their economics would have improved but
what do I know.   Now with 3 classes of wts trading this is beginning to look prettty
watered down from an investors point of view. 

I am trying my best not to get discouraged but its getting difficult not to.   The price 
action plus Prestons comments are certainly not helping IMO.  Preston seems excited
and full of expectations but the market is not buying it.   Comments welcome anyone.
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