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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF | V.WRLG.WT | WLGMF | 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

Comment by Bimmaxbroon Oct 02, 2024 6:41pm
128 Views
Post# 36250803

RE:RE:Anyone aware of a bought deal in the making?

RE:RE:Anyone aware of a bought deal in the making?When Pure Gold had this project, they were too optimistic, went heavily into debt , didn't do the development that they should have and raced to produce. Then they crashed. ARLG is doing it right I think. Debt free, methodical, and have a long term plan. They got the project for peanuts just last year, so waiting a couple years to reach sustainable production is not an issue for me. Any followers they loose would only be speculators anyway but in 6 months time if ARLG execute their plan they'll be back in droves. PGM was valued at $1.2 B , WRLG is only at 200 M, I can wait and will add to my position while I wait 
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