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

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 > Just too many eyes on this play not to add.

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Comment by marketsenseon Oct 25, 2024 2:32pm

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Post# 36282501

RE:RE:RE:Just too many eyes on this play not to add.

What will be interesting is the how the market receives their updated PFS next month.
It may not exactly sizzle but the price of gold is substantially higher than when it was
done by PGM. If their input costs are similar but gold is much higher, then their profit
margins should be better. That's what this is all about for me.

eg. 60,000 oz X $2700 = $162,000,000 US for one yr of gross production
Then after all costs are factored in, what kind of net earnings/share do we get?
Anyone have any idea?

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