West Red Lake Gold Mines Ltd V.WRLG

WRLG - a great gold market and strong fundamental news

[Alexandchoy]

Gold closed at a new all time high yesterday and WRLG - closed up 10% - they have a PFS coming soon and are on track for a mine restart in 2025 with all infrastructure already in place. Currently a sub $200M mcap. A lot of things seem to be going right for them and still quite small for what they are. 

[marketsense]

Totally agree.  Everything is going right except for the selling.  My other idea in addition to my previous ones is that investors know their pfs is at least 6 months away.  In a hot gold market such as we are in,  there are lots of other names that are offering more immediate torque than this one. If you are a real player,  I would be heavily into them.  IMG,  

[Fullnelson237]

I agree with you take. I'm staying heavy on this name. It's tough enough to find the right play let alone time. Volumes have been picking up so this could run for no reason at all. 

[marketsense]

Yes,  I think were due and most definately,  overdue.  It finally broke out of the .60's no thanks to all those sellers who were effectively holding it down forever.  Now as you say,  if they can keep the buying volume up,  perhaps it might go on a run even without any major news.   Gold price is doing us a favour right now.   If the Fed drops rates in

[marketsense]

OSK is being bought out by Goldfields.  It has approx 100M more shares outstanding than Red Lake but also has 3x the gold reserves.  So using those metrics,  take 2/3 off OSK offer of $4.50= $1.8 and then gross it up by 50% since Red Lake has a mill and 100M less shares out and you get roughly $2.70 a share.  If I'm being even more conservative lets round it out to $2.50 I