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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

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 marketsenseon Oct 26, 2024 12:54am
96 Views
Post# 36283100

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

RE:RE:RE:RE:RE:Just too many eyes on this play not to add.Fred,  very good point.  That's why I left the question open for others to respond.  I
am not an accountant so there may be others who can estimate their net earnings
after ALL costs are factored in.  Certainly the gold notes would be a cost as well as
other items such as debt interest carried on their loan.  Then there are taxes and depreciation.  What they need is a high gold price to help offset their expenses and
still provide a decent return.  Lets hope they get it.  That gross earnings figure will
be whittled down.  Its just a question of by how much.  Hopefully their profit margin
will be decent at the end of the day.
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