West Red Lake Gold Mines Ltd V.WRLG.WT.A

Just too many eyes on this play not to add.

[7Twiggy]

Just too many eyes on this play not to add.  Already have some warrants but could not resist adding the stock today.  Really hard to get in at the lows.  Will most likely take a few more days to get over the bought deal hangover, but I think the stock will be hard to pick up at these levels for much longer. More risky than the play I sold to free up some cash, but the rewards could be a lot larger. This could easily move over $1 in the blink of any eye IMO

[JamesF]

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[7Twiggy]

Same to you. Keep your eyes on all exchanges.  TSX traded 736,000 already, but if you include other exchanges we are double that volume.  Interesting times to come.. 

[JamesF]

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[marketsense]

What will be interesting is the how the market receives their updated PFS next month. It may not exactly sizzle but the price of gold is substantially higher than when it was done by PGM.  If their input costs are similar but gold is much higher,  then their profit margins should be better.  That's what this is all about for me. eg.  60,000 oz  X $2700 = $162,000,000

[Fredfudpucker00]

Marketsense, $ 2700 per oz. Isn't a real number due the fact many oz's are covered by the Notes amortized on a guaranteed US$1800 per oz.of gold . This means the company will get US$1800 per oz., and not the US$2700per oz.of today's price . Good this doesn't effect all the oz.sold.//////https://stockhouse.com/news/press-releases/2024/09/05/west-red-lake-gold-announces-listing-of

[marketsense]

Fred,  very good point.  That's why I left the question open for others to respond.  I am not an accountant so there may be others who can estimate their net earnings after ALL costs are factored in.  Certainly the gold notes would be a cost as well as other items such as debt interest carried on their loan.  Then there are taxes and depreciation.  What they need

[JamesF]

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