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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 2.8Moz. of gold in the reserves and resources category of which 1.8Moz. are in the measured and indicated category. They have a market capitalisation of ~C$179.2M which is a fall of roughly 6% over the last seven months. As of 10/17/2024 they have ~C$34M debt and ~C$17.9M cash. They have 301M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/10/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $190.03M $179.20M 10/18/2024
Total Assets: $78.74M $77.34M 05/10/2024
Total Liabilities: $24.06M $45.11M 10/17/2024
Current Assets: $22.60M $22.20M 05/10/2024
Current Liabilities: $8.75M $8.59M 05/10/2024
Total Debt: $0.00M $34.37M 10/17/2024
Cash: $18.23M $17.90M 05/10/2024
Enterprise Value: $171.80M $195.67M 03/14/1976
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 05/13/2023
Misc 05/10/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 264,000,000 301,000,000 10/18/2024
Shares (FD): 389,000,000 455,000,000 10/18/2024
Insider Ownership: n/a 30% 11/15/2024
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 01/01/2026 05/13/2023
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 05/13/2023
Initial CapEx (Outstanding): n/a n/a 05/13/2023
Funding Option: n/a n/a 05/13/2023
Documentation: none none 11/15/2024
Future MCap Modifier: 0.15
Developer: Strong Path to Production
 0.15
Developer: Strong Path to Production
 05/10/2024
Cash Flow Multiplier: 10 10 05/10/2024

Resource Data

GOLD 05/10/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023
Measured & Indicated: 1.80M 1.80M 05/10/2024
Inferred: 1.00M 1.00M 05/10/2024
Reserves & Resources: 2.80M 2.80M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023
Measured & Indicated: 1.37M 1.37M 05/10/2024
Inferred: 0.48M 0.48M 05/10/2024
Reserves & Resources: 1.84M 1.84M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 05/13/2023
Extra Operating Cost: n/a n/a 05/13/2023
Total: $1,600 $1,600 05/13/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): 6.00 g/t 6.00 g/t 05/10/2024
Open Pit (Avg): n/a n/a 05/13/2023
Recovery Rate: (CG)  95.00% (CG)  95.00% 11/15/2024
F
U
T
U
R
E		 Proven & Probable: 2.50M 2.50M 05/10/2024
Annual Production: 100,000oz. 100,000oz. 05/10/2024
Cash Cost: $1,050 $1,050 05/10/2024
Extra Operating Cost: $550 $550 05/10/2024
SILVER 05/10/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 05/13/2023
Measured & Indicated: n/a n/a 05/13/2023
Inferred: n/a n/a 05/13/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 05/13/2023
Measured & Indicated: n/a n/a 05/13/2023
Inferred: n/a n/a 05/13/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 05/13/2023
Extra Operating Cost: n/a n/a 05/13/2023
Total: n/a n/a 05/13/2023
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 05/13/2023
Open Pit (Avg): n/a n/a 05/13/2023
Recovery Rate: n/a n/a 05/13/2023
F
U
T
U
R
E		 Proven & Probable: n/a n/a 05/13/2023
Annual Production: n/a n/a 05/13/2023
Cash Cost: n/a n/a 05/13/2023
Extra Operating Cost: n/a n/a 05/13/2023

Property

Last Analysis Data  (05/10/2024)
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  
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		 05/10/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 05/10/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 1.80M 1.80M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.37M 1.37M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $1,030.38M $1,460.89M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,030.38M $1,460.89M n/a
Max Profit / Current MCap: 5.422 8.152 n/a
Max Profit Per Share (Gold): $2.65 $3.21 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $2.65 $3.21 n/a
Total Free Profit Per Share: $1.98 $2.66 n/a
FD MCap / Gold Eq.: $138.91 $130.99 n/a
FD MCap / Silver Eq.: $1.67 $1.53 n/a
FD MCap / Per Metal
as % Spot Price:		 5.90% 4.91% n/a

Reserves &
Resources		 05/10/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 2.80M 2.80M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.84M 1.84M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $1,388.15M $1,968.14M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,388.15M $1,968.14M n/a
Max Profit / Current MCap: 7.305 10.983 n/a
Max Profit Per Share (Gold): $3.57 $4.33 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $3.57 $4.33 n/a
Total Free Profit Per Share: $2.90 $3.78 n/a
FD MCap / Gold Eq.: $103.11 $97.23 n/a
FD MCap / Silver Eq.: $1.24 $1.14 n/a
FD MCap / Per Metal
as % Spot Price:		 4.38% 3.64% n/a

Future Valuation (Cash Flow & Totals)

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