West Red Lake Gold Mines Ltd WRLGF

Primary Symbol: V.WRLG Alternate Symbol(s): 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 > Pre-production Ounces 2.0

<< Previous

Bullboard Posts

Next >>

Comment by marketsenseon Sep 22, 2024 1:13pm

181 Views

Post# 36235441

RE:Pre-production Ounces 2.0

Indeed and that is just a tease. What do you think a reasonable valuation would be
once they are in full production.? My guess is...

80,000 oz/ yr x $2600 = US $208,000,000

US $208,000,000 = $282,880,000CAD

CAD$282,880,000 /194,980,000 ord shares = $1.45 eps

A very conservative 2x earnings multiple gives you a $2.90 target. I suspect once the
market has confidence in their production stability, it will trade much higher than that
providing the gold price doesn't tank.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages