RE:Anyone aware of a bought deal in the making?Mmmm, my take on West Red Lake is they are bordering on being overcautious to
the point that they are losing investor interest in the story. You can only drag this out
so long before investors see more exciting opportunities elsewhere.
Mining is a risky business as many things can go wrong but at the same time you
can't let it paralyze you over those fears. They know what they have in Madsen and
by now they know how to approach it to make it successful. The longer this takes
the harder it is to regain investor excitement for the story.
I guess my concern is by trying to be too careful, they could be making another type
of mistake. I hope I'm wrong but the junior gold market is still pretty sketchy and
investors are not easy to come by or to please. The other thing is the gold price.
Hopefully we have an extended run so West Red Lake will have the wind at their
back whenever they start up. If not it will be even harder for them to regain momentum.