RE:RE:RE:Comparison
It's hard to say where all the mistakes have been with WRN, but it's - for sure - a management disaster. The old geezers that put this together went senile and built this as a massive capex copper play. Instead, if they designed it as a expandable, long-life gold mine, the value would be 10X current, by now, and now going much higher with the market.
I don't know about the permitting stuff, if it can't get it, obviously makes property worthless, but I have to expect it can be. The Yukon bills itself as mining friendly.
One excuse the Company gives - they didn't try to permit as the (wishfull) new partner would want to do it their way. Maybe, but I think the biggest reason for the disaster is, by now, every Major miner has surely signed a NDA and looked.....but nobody has bit.
Is the 'price' to high? is there a fatal flaw with the project? WRN says otherwise, that the Majors have gotten shy about big Capex projects. If true, WRN is screaming buy. But lying and mining are synomous, so I wish I knew.
In my experience, nobody is shy about making easy money and if this were a slam dunk, it wouldn't be available. I had dinner once with a real mining engineer who told me all those junior mining PEA's etc. were completely worthless garbage & they had to re-do them all.
Wish I knew which way this goes...