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


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

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

TSXV:WRLG - Post Discussion

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Post by ppp on Nov 18, 2024 5:49pm

PFS

Shane said first part of Dec. Around the the 14 minute mark of the last Video. Also says they are basing it on 800 tons a day.
Comment by ppp on Nov 21, 2024 8:49am
Hidden the the last PR Madsen Mine Pre-Feasibility Study Update The Pre Feasibility Study (PFS) for the Madsen Mine is nearing completion. The final phase of this study involves optimizing underground development and infrastructure sequencing and refining the associated operating and capital costs. West Red Lake Gold is working with SRK Consulting on these optimization opportunities, a ...more  
Comment by jake12116 on Nov 21, 2024 9:03am
Being delayed and involving a consulting company is a good thing long term  I don't think there incompetent, there doing this to maximize value of this property, 
Comment by UptickHedge on Nov 21, 2024 9:13am
Jake, the concern is not that theyre being thorough as much as theyve delayed it 4 times from Oct to now 2025 and cant seem to stick to a date. And its not a date that they forecasted a long time out, they were on interviews in the last few weeks targeting Q4 2024 releases. 
Comment by jake12116 on Nov 21, 2024 9:30am
Do think there players just likePGM ?  I lost to much there  there must be something there to try to make this mine work  or is it the same old screwing hard working trustworthy people out of there money, if I was up on the I would run to the technology stocks 
Comment by UptickHedge on Nov 21, 2024 9:36am
thats the question. It sends a bad signal when the company cant stick to a date and delays 4 times.  the rest of Q4 will see tax loss selling too so headwinds will likely drive this stock down further.  Shane is credible but so was Mark O at one point.....up until he wasnt. 
Comment by jake12116 on Nov 21, 2024 10:27am
A few years ago, I took a course on real estate investing. They said many times figure out what's behind the curtain.
Comment by Martyboss on Nov 21, 2024 10:58am
Never a good thing to miss deadlines, the stock will pay, just a matter of how low it will go at this point  Many people knew this was about to happen thats why the relentless selling over the last few weeks.JMO 
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