CSE:HYL - Post Discussion
Post by
HYLAKEFAN on Oct 05, 2010 3:51pm
Ubika worte about HYL
VR: Yes, absolutely. High Lake Gold (CNSX: HYL) is one of the companies which we have followed for some time. We didn’t talk about previously because the company is right now in a transition phase. We believe that it is one of the most undervalued and unheard stories. The company’s not that well known since it trades at the CNSX exchange which is an exchange for junior companies in Canada. But that is about to change. It is planning listing at the TSX Venture exchange, I believe, and it is expecting that listing some time in November. What is interesting about this company is that all its properties have past-producing mines and they’re all in the famous Red Lake district which is one of the most prolific gold mining districts in Canada, home to Gold Corp. and Lakeshore Gold (TSX: LSG) and a few other companies. All of High Lake’s properties are in that area. Its flagship property is Rowan property which is a joint option with Gold Corp. where High Lake has a 60 percent option. And we believe that it has owned the right to become an operator with Gold Corp. being 40 percent partner. So very strong exploration prospect with a strong management team backing this company. Worth watching as it charts a new course in its corporate evolution and hopefully lists at TSX Venture.
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