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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 Nov 20, 2024 12:45pm
70 Views
Post# 36322037

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

RE:RE:RE:Interview Summary: CEO Highlights Near-Term Gold ProductionOf course everyone is entitled to their own opinion and I certainly have mine.   It makes
no sense to have insiders buying and putting all that effort into getting Madsen up
and running again only to have it fall back on its face.  

The people behind it are mine builders,  not scammers or incompetents.  They took it
over because they got it dirt cheap and felt strongly that they could manage the risks 
much better than previous operator.  

The financing got them the required capital but also caused a severe overhang that 
is affecting the share price.  Notice this aspect has never been discussed on their 
videos.  They have been slowly absorbing the selling at depressed levels which is
what you would expect from any competent group given the same situation.  Smart
investors should be doing the same thing and many are.
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