West Red Lake Gold Mines Ltd (WRLGF)

[Bobwins]

WRLGF US$.4875 We should find out in May if West Red Lake Gold is for real. They have done a bulk sample and are waiting for the results. The previous operator went BK due to mining ore that was below the forecasted grades in the Feasibility Studies. Current mgmt says they didn't drill enough to accurately forecast the narrow veins. Based on the bulk sample, we will find out if WRLGF has solved the mystery. If the bulk sample yields expected results, they will begin mining in earnest and should get a nice rerate. They bought the mine and mill for very cheap out of bankruptcy so if they can become a 100K/yr producer, the market cap should zoom. But we need the bulk sample first.