1
00:00:00,400 --> 00:00:02,439
Speaker 1: We've raised one hundred million dollars in the last year,

2
00:00:02,720 --> 00:00:04,960
and we've spent a lot of that money on the

3
00:00:05,000 --> 00:00:07,960
mind site doing the projects that were needed to get

4
00:00:07,960 --> 00:00:09,080
this thing ready for restart.

5
00:00:09,160 --> 00:00:09,960
Speaker 2: Capex is going to.

6
00:00:09,960 --> 00:00:12,720
Speaker 1: Be pretty small because our predecessor company spent three hundred

7
00:00:12,720 --> 00:00:14,960
and fifty million and we've already spented a big chunk

8
00:00:15,000 --> 00:00:16,960
of money in the last year. There's just not that

9
00:00:17,120 --> 00:00:19,800
much money left to spend, so our capex is going

10
00:00:19,839 --> 00:00:22,359
to be very small, which, by the nature of how

11
00:00:22,399 --> 00:00:26,280
it's calculated, the capex is in the denominator, should mean

12
00:00:26,320 --> 00:00:30,000
that the rate of return should look very nice for

13
00:00:30,079 --> 00:00:31,199
this operation.

14
00:00:31,519 --> 00:00:33,840
Speaker 2: The Financial Survival Network.

15
00:00:36,200 --> 00:00:37,840
Speaker 3: Now more than network.

16
00:00:39,359 --> 00:00:41,960
Speaker 2: The Financial Survival Network.

17
00:00:42,520 --> 00:00:46,000
Speaker 3: And welcome. This is Financial Survival Network. I'm your host,

18
00:00:46,079 --> 00:00:49,240
Carrie Lutz. We are sitting down for a sponsor update

19
00:00:49,719 --> 00:00:54,640
with Gwen Preston, VP Investor Relations of West red Lake

20
00:00:54,719 --> 00:00:59,399
Gold Mines. And Well, when I was talking to you

21
00:00:59,479 --> 00:01:03,439
earlier pre call here like the amount of newsflow that

22
00:01:03,600 --> 00:01:09,959
West red Lake as it's kind of the envy of

23
00:01:09,159 --> 00:01:13,439
the industry here, and it's not just fluff. We're talking

24
00:01:13,599 --> 00:01:20,079
consistently impressive drill results here, So I know you're the

25
00:01:21,000 --> 00:01:24,920
source here or the major source of what's down the

26
00:01:24,959 --> 00:01:25,480
pike here.

27
00:01:26,400 --> 00:01:29,519
Speaker 2: Absolutely, yeah, we are blessed.

28
00:01:29,159 --> 00:01:31,680
Speaker 1: For sure to be able to put out so much news,

29
00:01:31,680 --> 00:01:33,239
But of course it's the nature of the beast.

30
00:01:33,280 --> 00:01:36,319
Speaker 2: The beast being that we're pushing this asset.

31
00:01:36,400 --> 00:01:39,519
Speaker 1: As quickly as we possibly can towards restart, and so

32
00:01:39,599 --> 00:01:43,239
that requires so many layers of activity at the site,

33
00:01:43,319 --> 00:01:47,280
and so those all generate news. Right on the drilling front,

34
00:01:47,359 --> 00:01:50,519
we're really pleased on i'd say, sort of, I want

35
00:01:50,519 --> 00:01:53,280
to say pleased in two ways. We're really pleased that

36
00:01:53,319 --> 00:01:55,920
the market seems to be really noticing our drill results,

37
00:01:55,920 --> 00:02:00,760
which often doesn't happen when it's just infill drilling. But

38
00:02:00,840 --> 00:02:03,200
this is really important in fil drilling. Infil drilling always is,

39
00:02:03,239 --> 00:02:06,280
i should say, but this is infield drilling to define,

40
00:02:07,319 --> 00:02:10,719
you know, minable inventory, to sort of literally create our

41
00:02:10,919 --> 00:02:13,879
stop book, which is like every single spot in the

42
00:02:13,919 --> 00:02:18,400
mind that we are going to extract when we restart.

43
00:02:18,080 --> 00:02:18,919
Speaker 2: This mine next year.

44
00:02:19,159 --> 00:02:21,039
Speaker 1: For the first several years of operation, and so you've

45
00:02:21,039 --> 00:02:23,000
got to do really tight space drilling and have confidence.

46
00:02:23,039 --> 00:02:26,199
And the confidence piece is what really matters there, because

47
00:02:26,240 --> 00:02:29,080
of course, the history of this asset means that some

48
00:02:29,120 --> 00:02:34,120
people have questions about the resource, and our team has,

49
00:02:34,599 --> 00:02:37,000
through all the work they've done, you know, interpreting the

50
00:02:37,039 --> 00:02:40,840
geology and refining that resource model, the internal resource model

51
00:02:40,840 --> 00:02:43,520
that we have, the drill hits are really consistent and

52
00:02:43,560 --> 00:02:46,400
they're really phenomenal. I mean, the last set of results

53
00:02:46,400 --> 00:02:49,520
that we had some from the main Austin zone included

54
00:02:49,560 --> 00:02:51,879
some uber high grade stuff one hundred and six grams

55
00:02:51,919 --> 00:02:54,599
per ten gold over a meter. Also some hits from

56
00:02:54,599 --> 00:02:56,520
over at the McVay zone, which is like the near

57
00:02:56,599 --> 00:03:01,599
surface geologically more complicated zone. Took our time before going

58
00:03:01,599 --> 00:03:05,039
there to really understand where we wanted to target, and

59
00:03:05,120 --> 00:03:08,680
have been getting some really strong results from there too. Also, ironically,

60
00:03:08,879 --> 00:03:11,520
the same number one hundred and seven grams per time

61
00:03:11,560 --> 00:03:14,120
gold over a one meter hit over at the Mcvazon, So,

62
00:03:14,759 --> 00:03:17,400
I mean, we're really really pleased with how the geologic

63
00:03:17,520 --> 00:03:21,719
team is able to produce these results, and with the

64
00:03:21,759 --> 00:03:24,080
fact that the market is acknowledging, Wow, you guys are

65
00:03:24,159 --> 00:03:26,159
churning out high gride hits consistently.

66
00:03:26,400 --> 00:03:29,159
Speaker 2: Your hits are happening within the block model.

67
00:03:28,919 --> 00:03:33,120
Speaker 1: That is your resource, So that's really increasing confidence in

68
00:03:33,159 --> 00:03:36,319
this deposit. As we push this thing towards restart next year.

69
00:03:37,199 --> 00:03:39,840
Speaker 3: And so obviously there's going to be a lot of

70
00:03:39,879 --> 00:03:45,439
news coming and you're drilling consistently regularly, so the results

71
00:03:45,439 --> 00:03:47,639
are going to be coming out, you know, I don't

72
00:03:47,639 --> 00:03:49,240
want to say at a regular interval, but.

73
00:03:49,280 --> 00:03:51,960
Speaker 2: Regularly, yeah, I mean I think we should.

74
00:03:52,240 --> 00:03:55,639
Speaker 1: It's reasonable to expect infil drill results every couple weeks,

75
00:03:55,680 --> 00:03:57,560
like every three weeks and.

76
00:03:57,560 --> 00:03:58,879
Speaker 2: Sort of forever more.

77
00:03:59,199 --> 00:04:01,680
Speaker 1: You just don't stop infol drilling at a project like this, right,

78
00:04:01,680 --> 00:04:04,039
That's the nature of a high grade gold deposit. You're

79
00:04:04,080 --> 00:04:07,000
always going to be hammering your resource with info holes

80
00:04:07,240 --> 00:04:10,120
as you continue to create that stopbook for you know,

81
00:04:10,159 --> 00:04:12,879
the months and years ahead. But there's not only going

82
00:04:12,960 --> 00:04:15,159
to drill results. There's also a whole bunch of other

83
00:04:15,240 --> 00:04:18,240
news in the pipeline for sure, because like you say,

84
00:04:18,319 --> 00:04:20,480
as you push a mind towards restart, there's lots of

85
00:04:20,560 --> 00:04:22,800
layers of work going on. So there's lots of projects

86
00:04:22,879 --> 00:04:26,839
underway at the at the mind sight. No, we're doing

87
00:04:26,920 --> 00:04:29,639
a tailing's damn lift which will give us ten years

88
00:04:29,639 --> 00:04:32,560
of mind life at eight hundred tons per day throughput.

89
00:04:32,680 --> 00:04:35,199
We're doing a connection drift to attach the two different

90
00:04:35,199 --> 00:04:38,000
sides of the mine with that's that's a ten million

91
00:04:38,040 --> 00:04:40,519
dollar capital project. We're building a camp, we're building a

92
00:04:40,519 --> 00:04:43,560
mind dry, we're doing a lot of the we're installing

93
00:04:43,560 --> 00:04:46,480
a primary crussure. We've added evaporator fans to increase our

94
00:04:46,519 --> 00:04:49,079
ability to de water the mine. We're doing a lot

95
00:04:49,120 --> 00:04:52,480
of we're doing the work that after a year of

96
00:04:52,639 --> 00:04:57,319
really deeply assessing the amazing infrastructure that existed at this operation,

97
00:04:57,680 --> 00:05:01,480
we really spend our time to assess what was fantastic

98
00:05:01,519 --> 00:05:03,959
about that and what was still needed. So the capital

99
00:05:03,959 --> 00:05:07,079
projects that we're doing are addressing the needs infiel drilling

100
00:05:07,160 --> 00:05:09,279
for sure, and those other things that I mentioned. Those

101
00:05:09,319 --> 00:05:13,879
are all about creating an efficient mind, and efficiency is

102
00:05:14,240 --> 00:05:17,319
the bottom line, you know, cost wise in mining. So

103
00:05:17,560 --> 00:05:20,279
we're doing all these capital projects so that when we

104
00:05:20,399 --> 00:05:23,040
get to that restart decision, when we turn this thing

105
00:05:23,199 --> 00:05:26,279
back on in twenty twenty five, we give ourselves really

106
00:05:26,279 --> 00:05:28,800
good odds of success for Madsen to be the mind

107
00:05:29,000 --> 00:05:30,199
that it has the potential to be.

108
00:05:31,120 --> 00:05:35,720
Speaker 3: Wes Redlake's kind of unique in the sector because yeah,

109
00:05:35,759 --> 00:05:38,959
you're exploring, but the bulk of the exploration, or a

110
00:05:38,959 --> 00:05:42,639
lot of it's already been done and you're going to

111
00:05:42,720 --> 00:05:46,240
be producing. So there's not a lot of I would

112
00:05:46,240 --> 00:05:49,600
call choice companies in your position.

113
00:05:50,519 --> 00:05:55,600
Speaker 1: Absolutely, I mean, I think you and I chatted about

114
00:05:55,600 --> 00:05:57,639
this for a moment just before the call. But we

115
00:05:57,720 --> 00:05:59,879
had this huge piece of news in the mining stack

116
00:06:00,439 --> 00:06:03,079
in the last little while here right, Osisco Mining being

117
00:06:03,120 --> 00:06:06,079
taken out for over two billion dollars. And that was

118
00:06:06,120 --> 00:06:09,720
a deal to take out a near production asset, right,

119
00:06:10,240 --> 00:06:13,639
a gold project that can be put into production in

120
00:06:13,720 --> 00:06:17,199
this cycle. And so that sparked our attention here in

121
00:06:17,519 --> 00:06:20,519
the office for sure, and I got one or two

122
00:06:20,560 --> 00:06:24,199
banks to send me their lists of takeouts of M

123
00:06:24,240 --> 00:06:27,959
and A activity project or company level in the gold

124
00:06:28,000 --> 00:06:31,920
space for development stage assets, and in twenty I added

125
00:06:31,920 --> 00:06:32,160
it up.

126
00:06:32,199 --> 00:06:33,240
Speaker 2: In twenty twenty two, it.

127
00:06:33,199 --> 00:06:36,120
Speaker 1: Was one point four billion dollars, in twenty twenty three

128
00:06:36,160 --> 00:06:38,519
it was one point seven billion dollars, and in twenty

129
00:06:38,560 --> 00:06:41,720
twenty four were already at two point four billion dollars

130
00:06:42,000 --> 00:06:46,519
in takeouts of development stage assets in the gold space.

131
00:06:46,600 --> 00:06:48,959
So that's I mean, it's only three years, but it's

132
00:06:48,959 --> 00:06:50,240
a pretty significant trend.

133
00:06:50,560 --> 00:06:52,279
Speaker 2: And it makes sense. Right, we had this.

134
00:06:52,279 --> 00:06:55,000
Speaker 1: Huge bear market that stopped a lot of projects in

135
00:06:55,040 --> 00:06:58,079
their tracks. So there aren't that many projects that kept

136
00:06:58,319 --> 00:07:02,920
progressing and moving towards the ability to start producing mine

137
00:07:02,920 --> 00:07:06,120
in this site, start producing gold in this cycle. So

138
00:07:06,519 --> 00:07:09,160
how many operations are there that are going to start

139
00:07:09,240 --> 00:07:11,319
producing gold in twenty twenty five? I think the list

140
00:07:11,399 --> 00:07:14,279
is very very short, and so I have no idea

141
00:07:14,360 --> 00:07:16,199
if another company is going to come and get interested

142
00:07:16,240 --> 00:07:19,120
in buying the mats in mind, But if investors are

143
00:07:19,120 --> 00:07:22,480
looking for leverage in a rising gold market, you know,

144
00:07:22,600 --> 00:07:28,360
it's long been understood that new production creates new value.

145
00:07:28,560 --> 00:07:32,000
I mean, new production or new output in any market,

146
00:07:32,040 --> 00:07:35,920
in any industry should create new value for that company,

147
00:07:36,000 --> 00:07:38,920
right and in the gold in the gold market, that

148
00:07:39,000 --> 00:07:43,399
means companies that are significantly increasing their gold ounces, their

149
00:07:43,399 --> 00:07:47,279
gold outs production. And we're going from zero and ideally

150
00:07:47,360 --> 00:07:49,600
we are hopefully we are going to you know this

151
00:07:50,240 --> 00:07:54,000
sixty thousand ounce per year. That's our general target for

152
00:07:54,120 --> 00:07:56,600
production for next year. That's a big that's a big change,

153
00:07:56,639 --> 00:08:01,399
and it has the potential to engender a signal again rewrite,

154
00:08:01,519 --> 00:08:04,240
We'll see how the market reacts to that, but that's

155
00:08:04,240 --> 00:08:08,040
certainly the thesis here, and I think the rarity of

156
00:08:08,079 --> 00:08:10,839
a company putting in putting a new gold line into production.

157
00:08:11,279 --> 00:08:13,879
That's what I really love about the opportunity in West

158
00:08:13,879 --> 00:08:15,480
Red leg Gold right now, and.

159
00:08:15,360 --> 00:08:19,680
Speaker 3: It's so rare, especially in these days with the lead

160
00:08:19,720 --> 00:08:22,439
times to building minds, and then, like you said, the

161
00:08:22,480 --> 00:08:26,600
state of the sector with didn't produce a lot of

162
00:08:26,639 --> 00:08:31,920
companies in your position. And more importantly, if somebody does

163
00:08:32,000 --> 00:08:35,639
come knocking, they already know that you're prepared to actually

164
00:08:35,799 --> 00:08:40,679
bring this mind online. So your ability to leverage that

165
00:08:40,720 --> 00:08:44,519
position the optionality is something I think a lot of

166
00:08:44,519 --> 00:08:46,080
people don't really appreciate.

167
00:08:47,039 --> 00:08:49,559
Speaker 1: Yeah, and I agree that there's a bit of a

168
00:08:49,639 --> 00:08:52,600
lack of understanding of exactly what you just said.

169
00:08:52,799 --> 00:08:54,480
Speaker 2: When's it going to happen? How soon is it going

170
00:08:54,559 --> 00:08:54,960
to happen?

171
00:08:55,759 --> 00:08:59,320
Speaker 1: And that's been part of the story. We bought this

172
00:08:59,360 --> 00:09:01,600
asset only just over a year ago, and we have

173
00:09:01,720 --> 00:09:04,519
made we've pushed it forward so quickly that we haven't

174
00:09:04,519 --> 00:09:09,000
been able to produce an official, like compliant mind plan

175
00:09:09,039 --> 00:09:11,240
that we, you know, the regulators let us put out

176
00:09:11,240 --> 00:09:14,600
and talk about. It just takes a long time for

177
00:09:14,679 --> 00:09:17,720
the independent you know, people to produce those studies and

178
00:09:17,759 --> 00:09:19,519
they can only start after we've done a certain amount

179
00:09:19,519 --> 00:09:22,000
of infield drilling and so on and so on. So

180
00:09:22,039 --> 00:09:24,279
the exciting thing though, is that that study is.

181
00:09:24,240 --> 00:09:24,879
Speaker 2: Now coming out.

182
00:09:24,919 --> 00:09:27,559
Speaker 1: In the next few months, we will issue that pre

183
00:09:27,679 --> 00:09:32,240
feasibility study that lays out in very clear detail what

184
00:09:32,279 --> 00:09:34,440
this mind is going to look like, how much it's operation,

185
00:09:34,720 --> 00:09:37,200
how much acchounce is going to cost to produce, and

186
00:09:37,279 --> 00:09:40,519
therefore you know what the value of this asset should

187
00:09:40,559 --> 00:09:44,360
be if we turn it back on next year. And

188
00:09:44,879 --> 00:09:48,879
I'm optimistic that that study, shining light on the numbers,

189
00:09:49,120 --> 00:09:52,759
you know, giving making solid what has been a bit nebulous,

190
00:09:53,919 --> 00:09:57,919
should help the market understand the value opportunity in West

191
00:09:57,919 --> 00:09:59,879
red leg old. So that's coming up in the next

192
00:10:00,000 --> 00:10:02,200
few months. So it's going to be a really busy

193
00:10:02,279 --> 00:10:06,720
couple of months for newsflow, and I think in what

194
00:10:06,879 --> 00:10:09,639
could well be a pretty phenomenal gold market. I mean,

195
00:10:09,679 --> 00:10:12,039
it's a phenomenal gold market right now, and let's see

196
00:10:12,039 --> 00:10:15,679
what happens as we move through the seasonally strong fall

197
00:10:16,120 --> 00:10:18,720
towards the US election. I mean, there's there's lots and

198
00:10:18,919 --> 00:10:22,919
rate cups, there's lots of interesting levers that look like

199
00:10:22,960 --> 00:10:25,200
they're ready to be pulled through the through the fall.

200
00:10:26,320 --> 00:10:30,639
Speaker 3: So tell us the PFS is coming, I realized, you

201
00:10:30,679 --> 00:10:33,200
can't tell us too much. Can you tell us something

202
00:10:33,960 --> 00:10:35,320
to wet our appetites?

203
00:10:35,320 --> 00:10:35,600
Speaker 1: Here?

204
00:10:36,639 --> 00:10:37,080
Speaker 2: For sure?

205
00:10:37,240 --> 00:10:40,759
Speaker 1: So I mean the scale of the operation that we

206
00:10:40,879 --> 00:10:43,960
are designing is not dramatically different from the scale of

207
00:10:44,000 --> 00:10:47,039
the operation that our predecessor put in. So you know,

208
00:10:47,240 --> 00:10:51,799
pure gold targeted seventy thousand ounces per ounces of gold annually.

209
00:10:51,600 --> 00:10:53,720
Speaker 2: Will probably be a little bit below that. We're taking

210
00:10:53,720 --> 00:10:55,120
a more conservative.

211
00:10:54,600 --> 00:10:59,559
Speaker 1: Approach to pulling or out from underground, so that, like

212
00:10:59,600 --> 00:11:02,120
I said, sixty thousand ounces of the ounces of gold

213
00:11:02,120 --> 00:11:06,879
annual production is certainly our goal. And I'm not going

214
00:11:06,919 --> 00:11:09,080
to put numbers on this, but i will say that

215
00:11:09,519 --> 00:11:11,519
we've raised one hundred million dollars in the last year,

216
00:11:11,840 --> 00:11:14,080
and we've spent a lot of that money on the

217
00:11:14,120 --> 00:11:17,080
mind site, doing the projects that were needed to get

218
00:11:17,080 --> 00:11:19,639
this thing ready for restart. So what is it that

219
00:11:19,679 --> 00:11:22,200
people look at in a PFS. They look at a

220
00:11:22,240 --> 00:11:24,120
lot of things, but the big numbers that stand out

221
00:11:24,159 --> 00:11:26,960
are NPV. So what's the net present value of the asset?

222
00:11:28,600 --> 00:11:32,519
And then what's the IRR? What's the internal rate of return?

223
00:11:32,600 --> 00:11:35,600
Well the internal and what's the capex? What's it going

224
00:11:35,639 --> 00:11:38,519
to cost to put this thing into production. Well, our

225
00:11:38,639 --> 00:11:42,360
capex is going to be very modest in the grand

226
00:11:42,399 --> 00:11:45,440
scheme of building a gold mine, our capex is going

227
00:11:45,480 --> 00:11:48,000
to be pretty small because our predecessor company spent three

228
00:11:48,080 --> 00:11:50,320
hundred and fifty million, and we've already spent a big

229
00:11:50,360 --> 00:11:52,320
chunk of money in the last year. There's just not

230
00:11:52,480 --> 00:11:55,240
that much money left to spend. So our capex is

231
00:11:55,279 --> 00:11:57,799
going to be very small, which, by the nature of

232
00:11:57,799 --> 00:12:01,679
how it's calculated, the capex is in the denominator, should

233
00:12:01,720 --> 00:12:05,159
mean that the rate of return should look very nice

234
00:12:05,360 --> 00:12:08,279
for this operation. So that's another reason why I think

235
00:12:08,360 --> 00:12:11,759
the study could attract some nice market attention, bring some

236
00:12:11,799 --> 00:12:14,120
eyes to this story for the reality of this mind

237
00:12:14,159 --> 00:12:15,720
that we're pushing to restart.

238
00:12:16,200 --> 00:12:20,519
Speaker 3: All right, so capex, you raised one hundred million. Any

239
00:12:20,679 --> 00:12:24,320
idea how much more is going to be necessary? Indicate

240
00:12:24,480 --> 00:12:28,720
not much, But I assume there's always there's always things

241
00:12:28,720 --> 00:12:29,679
you didn't count on.

242
00:12:30,320 --> 00:12:32,679
Speaker 1: For sure, And I mean it's not so much things

243
00:12:32,679 --> 00:12:35,799
we didn't count on so much as the history of

244
00:12:35,799 --> 00:12:38,360
this asset has been one of under capitalization. And the

245
00:12:38,440 --> 00:12:41,159
last thing that we want to do is repeat is

246
00:12:41,200 --> 00:12:43,159
make the same mistake for the third.

247
00:12:42,919 --> 00:12:47,039
Speaker 2: Time, and so over financing.

248
00:12:46,720 --> 00:12:50,080
Speaker 1: Is our goal for accessing when we access the final

249
00:12:50,080 --> 00:12:52,200
piece of capital to get this thing back into production.

250
00:12:52,600 --> 00:12:55,120
We want to make sure that we have enough capital

251
00:12:55,159 --> 00:12:58,799
to carry us through commissioning and into commercial production. And

252
00:12:58,840 --> 00:13:03,080
we're not stressed cash because you know, not being able

253
00:13:03,120 --> 00:13:05,480
to do the things that to fix the things that

254
00:13:05,559 --> 00:13:11,080
are causing problems is how a mind starts to stumble, right, So,

255
00:13:11,679 --> 00:13:13,759
are we going to access something in the range of

256
00:13:13,759 --> 00:13:15,879
fifty million dollars over the next little while to make

257
00:13:15,919 --> 00:13:18,120
sure that we can we can finish our projects and

258
00:13:18,159 --> 00:13:20,799
carry us through to production very comfortably.

259
00:13:21,080 --> 00:13:22,000
Speaker 2: Yep, that's the goal.

260
00:13:22,200 --> 00:13:24,919
Speaker 1: So where we're working on those, we're doing our best

261
00:13:24,919 --> 00:13:28,240
to do that without further dilution. And when you have

262
00:13:28,279 --> 00:13:31,679
a project that is so close to production, for those

263
00:13:31,720 --> 00:13:34,399
who understand what it is that we're doing, other options

264
00:13:34,440 --> 00:13:38,279
all become possible. You know, there's there's other ways of

265
00:13:38,320 --> 00:13:40,759
accessing capital. So we're working on that and we look

266
00:13:40,799 --> 00:13:43,320
forward to, you know, near the time of that prefeasibility

267
00:13:43,320 --> 00:13:46,960
study letting everyone know how we plan on accessing that

268
00:13:47,039 --> 00:13:49,360
last piece of capital to get this thing to our

269
00:13:49,399 --> 00:13:51,759
goal of restart in twenty twenty five.

270
00:13:52,480 --> 00:13:57,440
Speaker 3: Yeah, in the second half, and hey, if you over perform,

271
00:13:57,840 --> 00:14:00,879
maybe'll maybe we'll have a surprise there. Huh.

272
00:14:00,960 --> 00:14:03,519
Speaker 2: I mean the two things I said.

273
00:14:03,559 --> 00:14:06,720
Speaker 1: The one constant in the history of this asset has

274
00:14:06,720 --> 00:14:10,639
been under capitalization. I would say perhaps over promising or

275
00:14:10,720 --> 00:14:14,440
short timelines being in a rush has also been present

276
00:14:15,039 --> 00:14:18,559
in the project's history. So we are also very we

277
00:14:18,639 --> 00:14:20,879
do not want to repeat that. So we are saying

278
00:14:20,879 --> 00:14:23,039
the second half of twenty twenty five, we're doing everything

279
00:14:23,039 --> 00:14:24,960
in our power to see if we can make it

280
00:14:25,000 --> 00:14:27,919
happen sooner, and if we can over deliver on our promise,

281
00:14:27,960 --> 00:14:29,759
then we will happily do so.

282
00:14:30,639 --> 00:14:32,919
Speaker 2: But let's get all the work done.

283
00:14:33,399 --> 00:14:35,000
Speaker 1: The real thing that needs to happen to get a

284
00:14:35,000 --> 00:14:38,039
Mind into production is all the work, all the planning,

285
00:14:38,159 --> 00:14:41,480
all the operational readiness, all the drilling, all the engineering.

286
00:14:41,720 --> 00:14:45,279
There's all the procurement, the budgeting. There's so much, and

287
00:14:45,360 --> 00:14:47,039
we're working through it just as quickly as we can.

288
00:14:47,799 --> 00:14:52,200
Speaker 3: Yeah, very complex operation. It's one thing you're doing the

289
00:14:52,200 --> 00:14:55,440
mind yourself, so you got surprises, but then when you

290
00:14:55,480 --> 00:14:58,840
take over somebody else's mess and then you have to

291
00:14:58,879 --> 00:15:01,559
make sense of it, there's a lot of challenges there

292
00:15:01,600 --> 00:15:04,639
as well, and it sounds like those are in the

293
00:15:04,679 --> 00:15:07,840
past and we can look forward to the good times here.

294
00:15:08,000 --> 00:15:12,759
So I suggest everybody go to Westredlakegold dot com sign

295
00:15:12,840 --> 00:15:16,320
up for notifications, get the latest drill results and all

296
00:15:16,399 --> 00:15:20,759
the latest developments, and the ticker symbols. In the US

297
00:15:21,240 --> 00:15:27,639
w r LGF and of course in Canada wr lg gwent.

298
00:15:27,720 --> 00:15:28,519
Always a pleasure.

299
00:15:28,879 --> 00:15:31,399
Speaker 2: Thanks so much, Thanks so much for having me, Kerry.

300
00:15:31,480 --> 00:15:41,120
I love it. The Financial Survival Network