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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...
claims covering an aggregate area of 4,648 hectares (46.5 km2). It also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Property is comprised of 146 claims, including 58 patented claims, 20 leased, 65 staked crowns and three under license of occupation. The 3,100-hectare Rowan Property covers 12 km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone.
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TSXV:WRLG - Post Discussion
West Red Lake Gold Mines Ltd
> 2025
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123600
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Post by
123600
on Dec 21, 2024 12:05pm
2025
what are the productions numbers that are going to suppport 400 ml. shares out?
(103)
•••
marketsense
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Comment by
marketsense
on Dec 21, 2024 2:22pm
No problem if you watched their videos. Initial production is 60,000 oz which at $2600 is $336,000,000 US gross revenue. If they can ramp that up to 80,000 oz which is not unreasonable I would suggest they could support the share count easily moreover I would also suggest you would have a stock price of $3 or more. When their PFS is released we will get a much clearer picture.
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