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Bullboard - Stock Discussion Forum West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s):  V.WRLG.WT.A | WRLGF | WLGMF | V.WRLG.NT.U | V.WRLG.WT

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) land package in the Red Lake district of Ontario. The Company’s project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high... see more

TSXV:WRLG - Post Discussion

West Red Lake Gold Mines Ltd > Quick numbers reaffirm the thesis here - 800t/d processing @
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Post by Alexandchoy on Jun 26, 2024 3:55pm

Quick numbers reaffirm the thesis here - 800t/d processing @

Some quick numbers assuming 800 tonne per day processing capacity of 7g/t Au for 365 days per year.

 

800t/d at 7g/t = 5600g/day

 

5600g/d 28g/Oz = 200 Oz/d =~$460k USD/d 

 

$460k x 365 = $168M USD / yr

 

in the near term once production resumes (planned for 2025) $WRLG could be mining 73K Oz Au in one year for revenue of $168m USD.

REMINDER current mcap = $148M Cad

 

Current indicated resource is 1.7M Oz Au @ 7.4g/t = ~$3.9B USD current value 

 

With only 800t/d mill it would take them 23 years to mine the current 1.7M Oz indicated resource = 

 

obviously they are going to scale this operation up once into production and producing revenue. 

 

I think the numbers speak for themselves. 

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