"Gold equities are not priced as if gold is $2,000. They are priced as if gold is going to be $1,500. There's a disbelief out there and don't ask me why... I've never seen it in 40 years in the business... The gold equities lagging SO badly..." (Source: https://x.com/Comm_Invest/status/1847048447309844503)
Despite gold's consistent surge to new all time highs, junior mining equities have continued to lag, creating a substantial opportunity in the market. Having recently secured over $70 million for the restart of its Madsen Gold Mine, West Red Lake Gold (WRLG.v WRLGF) is strongly positioned in this market as it aims to recommence production in 2025.
Having completed 40,000m of definition drilling alongside significant mine engineering and multiple capital projects and studies, the pre-feasibility study is expected to be released within a month and test mining will continue into Q1 2025, after which the mine will transition to production.
Full News Release: https://westredlakegold.com/west-red-lake-gold-announces-upsize-to-previously-announced-bought-deal-public-offering/
Posted on Behalf of West Red Lake Gold Mines Ltd.