Post by
ppp on Apr 17, 2024 10:02am
What's it Worth?
Reason I think this is a good buy.
Management is proven.
Project is in Canada.
MC is under 200 mil.
Mine should produce 100,000 onces a year once started in 25.
The average miner trades at EV to production ounce of 4000 dollars. Canadian miners trade higher. Alamos trades at 10,000 per ounce of production.
Based on this, WRLG could trade as high at 6000 per ounce or as high as a EV of 600 mil.
So a 3 fold increase is not out of the question. Plus the blue sky of the drilling.