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West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  WRLGF | WLGMF | V.WRLG.WT | 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 slewfoot2on Jan 19, 2025 1:42pm
102 Views
Post# 36411072

whoa

whoamarketsense, with the misleading nonsense pump...
bottomline, Claude and subsequently SS shut this mine down , its decentat best in this gold environment, however a gold pullback will being back the mothballs , yes there is some potential to expand and move some gold into p & p.... this is a higher risk stock , but if gold stays strong and they somehow get it running  then might be abie to jake a buck.   but remember this is not a long term play...

the risks, Management has seam to live up to their pump,
2.  it seams over promoted which is a huge red flag,
3.  this mine was thoroughly exploited by claude, who was a good operator,
4.  share price keeps leaking lower in an exceptional gold market ( massive red flag)
5.  gold is a bit overpriced

the positive,
1.  its in canada,
2.  there is some exploration potential 
3.  strong gold price,
4.  share price although stale seams to have bottom, so should be a leg up as mis 2025 gets closer...

disclosure, 

i took out a flyer position  looking at running to near production then dumping for hopefully 1 bag.... definitely does not meet my criteria for a longer term gold plah
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