More from Rick Rule on West Red Lake Gold (WRLG.v WRLGF) and the significant potential of the Madsen Mine: https://www.youtube.com/watch?v=bvYQX6iYOus
Commending WRLG's methodical approach to testing the Mine's potential. Rule details WRLG's success in developing the mine compared to the previous management which ran into a range of pitfalls, thus allowing WRLG to secure the debt-free and fully permitted asset Madsen Mine for only $6M with a $273 million tax write-off and a new $350M 800+ tonne per day mill.
On track to be in production by the second half of 2025, WRLG recently announced its 2024 plans at the Madsen Mine, highlighting the key mine infrastructure and development projects that the company plans to undertake in the near to medium term:
https://x.com/StckMasterFlash/status/1798464005423419494
Using the funds from its recent financings, WRLG is working on and is expected to release a PFS detailing the restart plan in early 2025 with work on critical path projects to be commenced in the coming weeks and months alongside consistent drilling, exploration and engineering work.
Posted on Behalf of West Red Lake Gold Mines Ltd.