Shane Williams

Father of 4, runner, triathlete, investor, passionate mining professional, born Ireland 🇮🇪 Canada 🇨🇦 based CEO @WestRedLakeGold tsxv:wrlg

[Race 🕊️ @multiplanet1]

Elon Musk was asked at a private dinner what he would do if SpaceX and Tesla both failed simultaneously and he lost every dollar. The question was intended as a hypothetical ice breaker. His answer lasted 8 minutes and the table went silent.

He said he would move into the cheapest apartment he could find, buy a computer, and start building the next thing within 24 hours. Not in a week. Not after processing the loss. Within 24 hours. He said the loss of the money would not bother him. The loss of the companies would devastate him. But the devastation would last one night. The building would start the next morning.

Someone at the table asked what the "next thing" would be. He said he didn't know and that the not knowing wouldn't slow him down. "The thing finds you. You just have to be building when it arrives."

The answer reveals something about his relationship with money that most people misunderstand. Money is not the goal. Money is not even the scorecard. Money is the fuel that lets the machine run. Losing the fuel is a logistics problem. Losing the machine is a psychological one. He can survive the logistics problem overnight. The psychological recovery takes a morning.

This is the same man who put his last $35 million into SpaceX when both companies were failing. He did not diversify. He did not hedge. He put every remaining dollar into the thing he was building because the alternative, having money but no machine, was worse to him than having no money and a machine that might work.

The table at the dinner expected him to say something about resilience or growth mindset. Instead they got a man who described total financial destruction with the same emotional weight that most people describe losing a parking spot. The money is replaceable. The morning is for building. The building doesn't wait for recovery. Recovery IS building.

"The thing finds you. You just have to be building when it arrives." The richest man alive doesn't fear losing everything. He fears stopping.

[Shane Williams @minedeveloper]

The most recent thing I did was buy more #gold, and if it goes any lower, I’m going to buy with both hands.”

[A. M. J. Capital @scepticcccccc]

Bond King and Billionaire Investor ....

“The most recent thing I did was buy more #gold, and if it goes any lower, I’m going to buy with both hands.”

$GLD $QQQ $SPY

[A. M. J. Capital @scepticcccccc]

Bond King and Billionaire Investor ....

“The most recent thing I did was buy more #gold, and if it goes any lower, I’m going to buy with both hands.”

$GLD $QQQ $SPY

[Shane Williams @minedeveloper]

Phase 1 of Mill expansion !

[Shane Williams @minedeveloper]

https://t.co/DnIcIyQzrC

[Shane Williams @minedeveloper]

https://t.co/DnIcIyQzrC

[Ronnie Stoeferle @RonStoeferle]

1/ Mining CEOs & IR teams: we don't need more geology. We need better storytelling. ⛏️

70+ meetings and 300+ pages of notes later, here's my tough love from Colorado. 🧵👇

[West Red Lake Gold Mines Ltd. @WestRedLakeGold]

Today, please take a moment to reflect on our history and our future focused on reconciliation.

In 2021, the Canadian federal government officially established September 30th as the National Day for Truth and Reconciliation (NDTR). Orange Shirt Day, is a way to visually recognize NDTR and humanize it as it is inspired by Phyllis Webstad’s story of having her orange shirt taken away on her first day at an Indian residential school. West Red Lake Gold glad is proud to support the Red Lake Indian Friendship Centre to acknowledge the importance of today through ceremony and the celebration of culture.

There is a great and sad resource, that tells the story of the local impact of regional Residential schools. “Residential Schools: The Red Lake Story” was created in the Fall of 2006. Students tell their stories of their experiences at the McIntosh Residential School near Vermillion Bay and Pelican Lake Residential School near Sioux Lookout.

Take a moment to learn our history, to help explain our present and lead to a better future: https://t.co/fKwU0pQV9c

#westredlakegold #westredlake #gold #mining #goldmine #tsxv #otc #miningexploration #wrlg #wrlgf $WRLG $WRLG.v $WRLGF #T&R #T&RDay

[West Red Lake Gold Mines Ltd. @WestRedLakeGold]

Spotlight on the 904 Complex at the Madsen Mine.

$WRLG $WRLG.v $WRLGF

The 904 Complex is a major new, unmined target currently undergoing development ahead of the first half of 2027.

Key highlights:
✅ Unmined scale: Large non-remnant Complex (200m x 200m) effectively a new underground complex within Madsen
✅ Drilling ongoing: Wide, high-grade gold intervals emerging from our ongoing drill programs
✅ Strategic value: Designed to support 2027 mining by defining high-grade, near- infrastructure lenses with minimal historic workings to impede extraction

Stay tuned for more developments in 2027!

#westredlakegold #westredlake #gold #mining #goldmine #tsxv #otc #miningexploration #wrlg #wrlgf

[West Red Lake Gold Mines Ltd. @WestRedLakeGold]

The KE Report: "West Red Lake Gold Mines – Q2 Financials, H2 Development & Production Ramp Up, Exploration Update"

"Shane Williams, President and CEO Of West Red Lake Gold Mines (TSX.V:WRLG – OTCQB:WRLGF), joins the KE Report to review the key metrics from Q2 production and financial results, which demonstrated substantially higher mined ounces and gold produced, higher revenues, and lower costs at their flagship Madsen Gold Project, in the Red Lake district of Ontario, Canada. We also look ahead to development and exploration work on tap for H2, and the bigger picture vision for future growth."

Read the full article here: https://t.co/DnC0OGrwQJ

#westredlakegold #westredlake #gold #mining #goldmine #tsxv #otc #miningexploration #wrlg #wrlgf $WRLG $WRLG.v $WRLGF

[Otavio (Tavi) Costa @TaviCosta]

Bazoka incoming…

None of us own enough hard assets.

https://t.co/YHHaz9vbEH

[Adam Taggart @adamtaggart]

Whoa

2026 still has over 3 months left to go but is already -- by far -- the biggest year for Chinese gold imports over the past decade

As Fred says, it "shouldn't take much buying from Western investors to send gold into another rollicking rally"

[West Red Lake Gold Mines Ltd. @WestRedLakeGold]

West Red Lake Gold Mines was pleased to present at the 2026 Precious Metals Summit in Beaver Creek, Colorado.

Shane Williams, President & CEO, presented to a full room, sharing the latest progress on the Madsen Mine ramp-up and outlining the next steps for West Red Lake Gold.

Thank you to everyone who attended our presentation and connected with the team!

📍 Beaver Creek, Colorado
🔗 Learn more: https://t.co/8JXVUDVD7n

#westredlakegold #westredlake #gold #mining #goldmine #tsxv #otc #miningexploration #wrlg #wrlgf $WRLG $WRLG.v $WRLGF

[West Red Lake Gold Mines Ltd. @WestRedLakeGold]

News Release - Sept 22 2026 - West Red Lake Gold Reports 176.04 g/t Au over 5.3m, 128.32 g/t Au over 4.5m and 35.72 g/t Au over 13.35m from Austin 955 and 904 Complexes

$WRLG $WRLG.v $WRLGF

West Red Lake Gold Mines is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Mining District of Northwestern Ontario, Canada.

Will Robinson, Vice President of Exploration, commented, “We are pleased to announce another round of impressive assay results from our ongoing underground definition drill program at Madsen. The mineralized panels within the 904 and 955 complexes are holding together quite well with strong grades and continuity demonstrated across multiple areas. These results continue to build our confidence in the geological model and the potential for these areas to be integrated into the Madsen mine plan in 2027. Importantly, these complexes are located close to existing underground infrastructure, with the 904 complex representing non-remnant mineralization, meaning we are now advancing into fresh, previously unmined material, providing additional flexibility as we continue to define and advance mining inventory.”

Read the full release here: https://t.co/4abv0ddfIa
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#westredlakegold #westredlake #gold #mining #goldmine #goldstocks #tsxv #otc #otcqx #wrlg #wrlgf #madsen #newsrelease

[Shane Williams @minedeveloper]

https://t.co/aqOQXDuEBF

[Shane Williams @minedeveloper]

Tar !

[Steven Huffman @Poeslawisalive]

This Video has recently surfaced from 2024 when Candidate Donald Trump said:

“Venezuela Oil is Like Tar. It’s the dirtiest, Worst Oil anywhere in the World”.

But that was when Biden was President. Now that Trump is the President it’s actually the Best Oil in the World.

[Steven Huffman @Poeslawisalive]

This Video has recently surfaced from 2024 when Candidate Donald Trump said:

“Venezuela Oil is Like Tar. It’s the dirtiest, Worst Oil anywhere in the World”.

But that was when Biden was President. Now that Trump is the President it’s actually the Best Oil in the World.

[Porter Stansberry @porterstansb]

If you're long META, you gotta have your head examined.

Meta has the worst capital-allocation record of any major American technology company over the past decade. Not one of the worst. The worst. And the reason is simple: Meta founder and CEO Mark Zuckerberg.

Meta isn’t really a public company. Yes, the public owns most of the economic interests, but it doesn’t have any actual control. Zuckerberg has retained complete control over the company through super voting stock. Nobody can stop him.

That might have been a good idea if Zuck was Steve Jobs. But he isn’t. Instead, he’s proven to be the very worst CEO in tech. Especially when it comes to capital allocation.

In October 2021, Zuckerberg changed the company's name from Facebook to Meta Platforms and staked its future on something no one had ever heard of… and no one has ever used: the “metaverse.” Since then, Meta’s Reality Labs segment has produced roughly $13 billion of cumulative revenue against roughly $88 billion of cumulative operating losses. That is $88 billion of shareholder money that vaporized on Oculus headsets, Horizon Worlds, and augmented reality (“AR”) glasses.

And what’s even worse is that the losses continue to accelerate.

Reality Labs lost:

2019: $4.5 billion
2020: $6.6 billion
2021: $10.2 billion
2022: $13.7 billion
2023: $16.1 billion
2024: $17.7 billion
2025: $19.2 billion

And these losses aren’t the only massive errors in judgment.

In 2021, with the stock at an average price of $323, Meta spent $44.5 billion buying back its own shares. The next year, the stock fell to $93 per share. Had Meta simply waited one year, the same $44.5 billion would have retired an additional 118 million shares.

At today's price, that is another $65 billion of value transferred from continuing shareholders to selling shareholders – because management insisted on buying at the top.

Add it up. Between the metaverse and the peak-price buyback, Meta destroyed roughly $150 billion of shareholder capital in a five-year window. And that is before you count the stock-based-compensation leak. The diluted share count only fell 11.6% despite $174 billion (!) of gross repurchases since 2017.

No goodwill impairments. No board accountability. Zuckerberg's super voting stock makes sure of it. Which brings us to artificial intelligence (“AI”).

Meta's 2025 capex was $69.7 billion – 34.7% of revenue. The most aggressive single-year capital investment in the company's history. But that’s not even half of the real spend. The real spending is being hidden in “off-balance-sheet” deals so big and so brazen they would make Enron blush.

Here’s one example.

Meta disclosed in its 2025 annual report a 20% interest in a Louisiana data-center venture formed in October 2025. Meta's maximum loss exposure: $45.95 billion. How could 20% of an entity formed less than a year ago be worth $250 billion?

And wait, who really owns this data center?

Meta's auditor, Ernst & Young, designated “accounting for a variable interest entity” – aka, this data center deal – a critical audit matter in the 2025 annual report. It said its determination of which entity was the primary beneficiary was “especially challenging due to the significant judgment required.” In other words… we think Meta is lying about this deal.

Moody's, in a February 23, 2026, opinion, wrote that Meta's accounting “is not in line with the expected economics of this transaction,” called its disclosure “opaque,” and warned it stood ready to make a “quantitative debt adjustment.”

You can't say that investors haven't been warned. You can't say Meta's management team hasn't shown you exactly how they waste tens of billions, every year. And you can't say the auditor and the rating agency haven't already flagged the off-balance-sheet structure.

But it is extraordinary that investors have not yet begun to punish the stock and demand Zuck’s resignation.

Just wait. They will.

[Ronnie Stoeferle @RonStoeferle]

Great thread by @porterstansb

[Shane Williams @minedeveloper]

Another bust on the way!

[Porter Stansberry @porterstansb]

Here's the real reason the A.I. boom is going to run out of capital. It's the same reason why rates are rising. And it's exactly why there's suddenly a mad scramble for capital in A.I. Equity values will fall as the cost of capital increases 20%-30%. But that's only the beginning👇

[Robert Friedland @robert_ivanhoe]

25 years ago today a major copper-gold porphyry was discovered in the South Gobi desert of Mongolia. 🇲🇳

The discovery went on to become Oyu Tolgoi mine, one of the largest copper-gold mining operations in the world and now jointly owned by @RioTinto and the Government of Mongolia.

On October 9, 2023, I was honoured to receive the Order of the Polar Star, the highest honour available to foreigners in Mongolia, from the President of Mongolia.

The greatest honour, however, is what has become of that discovery hole 150… According to Rio Tinto, 20,000 people now work at the Oyu Tolgoi mine, of which 97% are Mongolians. Oyu Tolgoi is expected to be one of the world’s top 5 largest copper mines in the world by 2030.

July 17, 2001 was a good day.

The images below are of the original press release announcing the discovery, a photo of discovery hole 150 (taken in 2007 with the shaft in the background) and what the vast complex looks like today, 25 years after the discovery.
@OTMongolia