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West Red Lake Gold Mines Ltd V.WRLG.WT.B


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

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 7Twiggyon Oct 12, 2024 12:03pm
189 Views
Post# 36263928

warrants could move up nicely if things works out

warrants could move up nicely if things works out
Well I am back in Centerra Gold.  Third times the charm they say.  Nice dividend, around 3%.  With the price of 
gold over $2600 I am hoping the October 31 3rd quarter results will be unreal. Looks like the Centerra's decision to restart both their molybdenum
holdings has really got the analyst's retooling their price targets. National bank target yesterday C$14/US $10.17. RBC target
yesterday C 12.00/US $8.71.  It appears interest in CG is also high in the US.  Volume traded is actually higher on American exchanges
then Canadian.  Also added a couple of speculative plays.  West Red Lake Gold warrants. WRLG.w not the "a" warrants, and
Radisson mining RDS.  These last two plays are very speculative IMO but both in the middle of drilling programs and results
so far have been great.  West lake is restarting an old mill next year and continuing to add to their resource base.  The a warrants have
a two year run but could be worth a fortune if this play is successful. IMO the "a" warrants are over priced and the stock itself is most
likely a better buy.  Radisson has had a lot of success with their  O'Brian area results and have an agreement with IAM to study
the milling of any finds in IAM's nearby new mine.  Radisson IMO opinion could be a buyout candidate.  Think IAM or another nearby 
group could be interested.  A lot of drilling taking place with these last two.  Would be interesting to see what some of the mining
employees would have to say around the Thanksgiving dinner table about results so far from these two discoveries.  Radisson moved up
nicely in the last half hour of trading on friday which IMO is always a good sign.
 
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