LRTNF Bullet Points for Investors
*AngloGold Ashanti is a cornerstone Investor; Eric Sprott - $20 million Investment in 2019
*Newmont Goldcorp - Red Lake Mine Operator
*Rob McEwen - Cornerstone Investor
*Fully Funded Mine Construction and Exploration - with C$92 million in the bank - includes C$47mm+ equity raise July 2019
*U.S. $90 million Financing Package via Sprott Resource Lending Corporation
*Madsen Red Lake Mine - Proven high-grade gold system; Probable Mineral Reserve of 1 mm ounces at 9 g/t AU in 3.5mm tons
*13 months pre-production schedule; Peak Production of 125,000 ounces gold per annum
*Low Risk organic growth with near term production
*Highest-grade development-stage gold deposit in all of Canada
Symbol: LRTNF
Price: $0.44
Market Cap: About $160 million US
TRADES: OTC
Company Profile:
The Madsen Red Lake Mine is Canada’s highest grade development-stage gold project. Fully funded, the project is on track to deliver near term gold production into a rising Canadian gold price environment, with first production scheduled for late 2020. The orebody is situated within a six kilometre long gold system that is wide open for expansion at depth and along strike and multiple discoveries by the Company suggest potential opportunities for near-term growth.
website: www.puregoldmining.ca
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
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