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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 Giverbullets1on Nov 20, 2024 12:15pm
52 Views
Post# 36321951

RE:RE:Interview Summary: CEO Highlights Near-Term Gold Production

RE:RE:Interview Summary: CEO Highlights Near-Term Gold ProductionPFFHHT!  C'mon.  The PFS will only solidify this report below, likely with a clearer picture for operating costs and margins.  Pending if the PFS is more or less positive to this report, will then compare a target above or below $1.35 for early 2025 and then should follow up a NAPVS up to ~ $2.65 @ $1900 USD gold, in later 2025.  Sensitivity doubles  to over $5/share at $2600 gold and obviously keeps climbing if we are over $3000 next year. This also takes into account for the last 2024 dilution/financing and another 2025 share dilution at ~ 1.35.  If there is no more dilution, and only debt, then probably better yet.

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


The PFS would have to be an absolute bomb to drop the share price.  IF WRLG is ramping up people and test production, along with Shane and Gwen buying common shares, ony 3 weeks ago, it would be a very safe assumption that the PFS should fall into some resembleance of current indicated and inferred gold volumes.

Honestly, the team seems to really not want to promote at all and just want the data to tell the story.  I think once the PFS is out, and it gets spelled out, potentially adding how post 2026 mining targets are looking, confidence and demand for this stock will be very strong.
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