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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

Post by Giverbullets1on Nov 12, 2024 9:21am
96 Views
Post# 36308017

Analyst Coverage Target 1.85/share

Analyst Coverage Target 1.85/shareOld news but still a good read.

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn-ceo-ca.s3.amazonaws.com/1j3hm37-20240506-WRLG-Initiation-1.pdf

There has been some dilution since, however gold is up 25% since andarguably, when gold goes up 25%, profit margins can go up 50-100%.

Taking in a little more conservative value for All in sustaining capital, plus dilution plus the extra 6-700 price in gold (as this case was at $1900).  Going at 0.7 NAV, this should be pushing $3 next year!

I also think this little Bitcoin rally, gold dump is losing steam.  Reality on gold and silver demand for the world is that they need that security for banking, BRICS, and dodging western-US hedgemony.
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