West Red Lake Gold Mines Ltd WRLGF

Pre-production Ounces 2.0

[Onevbdeal2024]

As previously calculated proceeds from pre-production activities could yield approximately $16,090,000US.

$16,090,000US = $21,882,400CAD

$21,882,400 ÷ TOTAL SHARES OUT(271840000) = 0.08 cents per share

$21,882,400 ÷ TOTAL ORDINARY SHARES(194,980,000) = 0.112 cents per share

$21,882,400CAD = 9.25% OF $236,500,000 TOTAL MARKET CAP

[marketsense]

Indeed and that is just a tease.  What do you think a reasonable valuation would be once they are in full production.?   My guess is... 80,000 oz/ yr x $2600 = US $208,000,000 US $208,000,000 = $282,880,000CAD CAD$282,880,000 /194,980,000 ord shares =  $1.45 eps A very conservative 2x earnings multiple gives you a $2.90 target.  I suspect once the market has confidence in

[Fullnelson237]

The old company had a market cap of 1.2 billion.  This crew is doing things right. All the surprises will be on the upside.  I see 5x .  That may be conservative