West Red Lake Gold Mines Ltd V.WRLG

Newmont sells Ontario mine to Orla for $850 million

[Fredfudpucker00]

Another big sale in the region......https://www.mining.com/newmont-sells-ontario-mine-to-orla-for-850-million/

[Zibo510]

And they have less reserves than WRLG, a good comparable for the upcoming re-rating of Madsen once in production, if they don't get taken out before then.

[Fredfudpucker00]

Zibo, WRLG doesn't have reserves as far as their presentation indicates. Musselwhite has well over 1 million oz reserves,so these mines have no comparable value at all.

[Zibo510]

1.65 M ounces of gold at 7.4 g/t 1 within 6.9 million tonnes in the indicated category   0.37 M ounces of gold at 6.3 g/t 1 within 1.8 million

[Fredfudpucker00]

WRLG doesn't have reserves,only  mineral resources.

[marketsense]

You are technically correct but that didn't stop the market giving PGM a billion $ market cap when it was in production.  Now that WRLG is running the show and  doing everything to correct the prior mistakes,  I wouldn't be too concerned about their resources versus reserves.   They are going to be conservative with their PFS and have the right mine plan to exploit the

[Fredfudpucker00]

How PGM ever got to  $1billion market cap is one thing I don't understand. Can  someone explain . I really hope WRLG does well on startup as well.