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A recent article by RCKS Talk highlighted Red Pine Exploration Inc. (TSXV:RPX).
A recent article by RCKS Talk highlighted Red Pine Exploration Inc. (TSXV:RPX).
As quoted in the article:
Red Pine Exploration Inc. (TSXV:RPX) released partial results from five holes drilled during the ongoing 6 km campaign at the Wawa gold project (60% interest) in Ontario. Hole SD-16-45, in which visible gold was identified prior to assaying, returned 44.41 g/t Au over 1.0m within a wider interval of 15.2m that returned 14.66 g/t Au. This hole was drilled in a previously untested area north of the existing resource. This, coupled with the balance of the results, suggests that meaningful resource growth is possible at Wawa. However, this potential does not appear to be fully reflected in the company’s modestly discounted valuation of C$45/oz versus peers at C$54/oz. We expect continued exploration success, along with the recently completed ownership consolidation of the Wawa project should help close the valuation gap to peers.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. RCKS Talk aims to provide unique investment ideas for everyone. Red Cloud KS may hold long or short positions in companies mentioned and/or may have provided or provide in the future services to these companies. See their full disclaimer for details.
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