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

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

Metals & Mining Gold

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) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining... see more

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TSXV:WRLG - Post Discussion

West Red Lake Gold Mines Ltd > Analyst Coverage Target 1.85/share

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Post by Giverbullets1 on Nov 12, 2024 9:21am

Analyst Coverage Target 1.85/share

Old news but still a good read.

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn-ceo-ca.s3.amazonaws.com/1j3hm37-20240506-WRLG-Initiation-1.pdf

There has been some dilution since, however gold is up 25% since andarguably, when gold goes up 25%, profit margins can go up 50-100%.

Taking in a little more conservative value for All in sustaining capital, plus dilution plus the extra 6-700 price in gold (as this case was at $1900). Going at 0.7 NAV, this should be pushing $3 next year!

I also think this little Bitcoin rally, gold dump is losing steam. Reality on gold and silver demand for the world is that they need that security for banking, BRICS, and dodging western-US hedgemony.