Jun. 23 at 10:42 PM
$WRLGF has delivered a key operational milestone at its Madsen Mine, 95% gold recovery from bulk sampling and confirming strong alignment between actual and expected grade and tonnage.
The company is now well-positioned for long-term growth, with a base case NPV of US
$496M and an average annual free cash flow forecast of US
$94M.
Highlights:
• 95% gold recovery from 14,490 tonnes at 5.72 g/t gold, producing 2,498 ounces.
• Mine design refined for larger, cost-efficient stopes using long hole stoping.
• Madsen Mill permitted at 800 tpd, AISC estimated at US
$1,681/oz.
• Strong institutional backing: Cantor Fitzgerald and Red Cloud maintain Buy ratings, with price targets implying 198%–219% upside.
Growth Strategy:
Advancing exploration at Madsen, Fork, and Rowan, while leveraging existing infrastructure for cost-effective expansion.
The company plans to reduce continuity risk with tighter drilling, targeting high-grade zones and future hub-and-spoke development potential.
https://www.reddit.com/r/BreakoutStocks/comments/1lfncco/west_red_lake_gold_advances_toward_production/