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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 Dec 18, 2024 1:06pm
107 Views
Post# 36368326

PFS first week of January.

PFS first week of January. 9 trading days until then.  I would be very surprised if they postpone this for a 3rd time.  Also some great tidbits in this videow; Gwen said PFS should show a 7 year mine life with current drilled resources and target production/testing will ramp up to be at break even by mid next year.  H2 should be in profit.  

We could estimate ~ 25/30 K gold mined in H2 @ possibly $2000/oz CAN profit, thats 15 cents EPS for 2025 and potential for 30+ cents EPS for 2026.  Plus many deposits to be explored or expanded deeper.  How is this not a $3+ stock in 12 months?

https://www.youtube.com/watch?v=vIajBIPt0Hc
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