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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 marketsenseon Oct 30, 2024 2:15pm
86 Views
Post# 36289206

RE:RE:From TD Waterhouse site this morning

RE:RE:From TD Waterhouse site this morningI rethought my last comments and have a slightly but significant change in perception.
I think the market is very aware what WRLG is doing but there is a lot of apathy and
doubt if they can make it a really profitable operation.  While WRLG is optimistic and
full of positives,  the market is not giving them any credit until they see the gold
being produced and sold and what they can actually earn.  This is still very much
a show me story and thus you have a built in risk but also a tremendous reward.
They got the mine for a steal but now they have to prove it can pay off.

I'm betting on the reward side but they are going to have earn every bit of it with good
numbers.  At least with the gold price,  they have the wind at their back.  The other positive is the level of expertise in their mine team.  I have full confidence in their ability to mine it for a good profit.  That's what it all comes down to.
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