As highlighted in a recent video by Capital 10X, West Red Lake Gold (TSXV: WRLG, OTCQB: WRLGF) is positioning itself strategically on the “Golden Runway” of the Lassonde Curve, an opportune phase for mining investments that historically leads to significant operational success and investor returns.
In the video, CEO Shane Williams emphasized that the acquisition of WRLG's past-producing Madsen Mine was transformative, branding it the "deal of the decade" due to its exceptional value—$6.5 million in cash for a mine with $350 million of prior investment and 1.7 million ounces of gold at an indicated grade of 7.4 g/t.
This property is advancing towards WRLG's goal of restarting gold production in the second half of 2025.
These advancements put WRLG on the Golden Runway, a.k.a. the phase where a company transitions from development to production, on the Lassonde Curve which outlines the life cycle of a mining project and its impact on stock prices.
Notably, 92% of companies entering the Golden Runway phase reach production, with an average stock return of 111% over this period. The Madsen Mine’s existing infrastructure and near-production status allowed WRLG to swiftly enter this phase, bypassing the extensive 10–15-year timeline usually required to build a mine from scratch.
Williams underscored the company’s proactive steps, including on-ground development, team assembly, and capital project implementation, positioning the mine for its 2025 restart.
This advancement promises potential for significant leverage as gold prices are expected to remain strong with ongoing political and economic uncertainty.
WRLG aims to provide investors with a lucrative journey as the Madsen Mine transitions from redevelopment to active production.
Full video:
Posted on behalf of West Red Lake Gold Mines Ltd.