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West Red Lake Gold Mines Inc

www: www.westredlakegold.com   email: investors@westredlakegold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:WRLG CAD
OTCMKTS:WRLGF USD

Description

West Red Lake Gold Mines Inc are a gold focused junior, late stage developer with one mine in development in Canada and three exploration properties. They have approximately 3.2Moz. of gold in the reserves and resources category of which 1.7Moz. are in the measured and indicated category. They have a market capitalisation of ~C$138.89M which is a rise of roughly 85% over the last twelve months. As of 02/27/2024 they have ~C$15M debt and ~C$11.63M cash. They have 223M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/13/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $75.18M $138.89M 05/07/2024 $63.70M
Total Assets: $11.11M $14.54M 11/22/2023 $3.43M
Total Liabilities: $0.55M $18.17M 02/27/2024 $17.62M
Current Assets: $4.44M $11.63M 11/22/2023 $7.19M
Current Liabilities: $0.27M $0.26M 05/13/2023 $0.00M
Total Debt: $0.00M $14.54M 02/27/2024 $14.54M
Cash: $4.44M $11.63M 11/22/2023 $7.19M
Enterprise Value: $70.74M $141.79M 06/29/1974 $71.06M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 05/13/2023 n/a
Misc 05/13/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 119,000,000 223,000,000 05/07/2024 104,000,000
Shares (FD): 141,000,000 281,000,000 05/07/2024 140,000,000
Insider Ownership: n/a 40% 05/07/2024 40%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2020 05/13/2023 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023 0
Initial CapEx (Outstanding): n/a n/a 05/13/2023 n/a
Funding Option: n/a n/a 05/13/2023 n/a
Documentation: none none 05/07/2024 n/a
Future MCap Modifier: 0.1
Developer: Likely Path to Production
 0.15
Developer: Strong Path to Production
 11/22/2023 0
Cash Flow Multiplier: 5 8 11/22/2023 3.00

Resource Data

GOLD 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 17.00M 1.70M 11/22/2023 -15.30M
Inferred: 12.00M 1.50M 11/22/2023 -10.50M
Reserves & Resources: 29.00M 3.20M never -25.80M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: 10.20M 1.02M 11/22/2023 -9.18M
Inferred: 4.50M 0.56M 11/22/2023 -3.94M
Reserves & Resources: 14.70M 1.58M never -13.12M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 05/13/2023 n/a
Open Pit (Avg): n/a n/a 05/13/2023 n/a
Recovery Rate: (guess)  75.00% (guess)  75.00% 05/13/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.00M 3.00M 09/13/2023 1.00M
Annual Production: 80,000oz. 125,000oz. 09/13/2023 45,000oz.
Cash Cost: $1,000 $1,000 05/13/2023 $0
Extra Operating Cost: $500 $500 05/13/2023 $0
SILVER 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Measured & Indicated: n/a n/a 05/13/2023 0.00M
Inferred: n/a n/a 05/13/2023 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/13/2023 $0.00
Extra Operating Cost: n/a n/a 05/13/2023 $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 05/13/2023 n/a
Open Pit (Avg): n/a n/a 05/13/2023 n/a
Recovery Rate: n/a n/a 05/13/2023 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/13/2023 0.00M
Annual Production: n/a n/a 05/13/2023 n/a
Cash Cost: n/a n/a 05/13/2023 n/a
Extra Operating Cost: n/a n/a 05/13/2023 n/a

Property

Last Analysis Data  (05/13/2023)
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 69% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Madsen 100% show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.
Exp Mount Jamie 100% show
Early exploration
Exp Red Summit 100% show
Early exploration
Exp Rowan 100% show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.
Total Land Package Size (ha): 7,800  

Profitability (by resource)

Proven &
Probable		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 17.00M 1.70M n/a -15.30M
Total (Silver Eq. Oz.): n/a n/a n/a -1,284.46M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 10.20M 1.02M n/a -9.18M
Silver Eq. Oz.: n/a n/a n/a -770.67M
Maximum Profit (Gold): $5,207.10M $835.99M n/a $-4,371.11M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,207.10M $835.99M n/a $-4,371.11M
Max Profit / Current MCap: 69.260 6.019 n/a -63.241
Max Profit Per Share (Gold): $36.93 $2.98 n/a $-33.95
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $36.93 $2.98 n/a $-33.95
Total Free Profit Per Share: $36.21 $2.30 n/a $-33.91
FD MCap / Gold Eq.: $7.37 $136.16 n/a $128.79
FD MCap / Silver Eq.: $0.09 $1.61 n/a $1.52
FD MCap / Per Metal
as % Spot Price:		 0.37% 5.87% n/a 5.50%

Reserves &
Resources		 05/13/2023
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 29.00M 3.20M n/a -25.80M
Total (Silver Eq. Oz.): n/a n/a n/a -2,165.76M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 14.70M 1.58M n/a -13.12M
Silver Eq. Oz.: n/a n/a n/a -1,101.16M
Maximum Profit (Gold): $7,504.35M $1,297.02M n/a $-6,207.33M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $7,504.35M $1,297.02M n/a $-6,207.33M
Max Profit / Current MCap: 99.816 9.339 n/a -90.478
Max Profit Per Share (Gold): $53.22 $4.62 n/a $-48.61
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $53.22 $4.62 n/a $-48.61
Total Free Profit Per Share: $52.50 $3.94 n/a $-48.57
FD MCap / Gold Eq.: $5.11 $87.76 n/a $82.65
FD MCap / Silver Eq.: $0.06 $1.04 n/a $0.98
FD MCap / Per Metal
as % Spot Price:		 0.25% 3.78% n/a 3.53%

Future Valuation (Cash Flow & Totals)

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