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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based exploration stage company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Comment by Sooneron Nov 18, 2020 8:08pm
85 Views
Post# 31927885

RE:RE:RE:RE:20m Offering

RE:RE:RE:RE:20m OfferingI thought the raise was well understood and needed to update FS as well as move forward the permitting. Much rather have this than selling off another royalty! Don’t you think an updated FS is easily going to increase economics of project (maybe take NPV from $1.9B to $2.5B - guess of course!) and getting closer to shovel ready increase likely selling price of project. My very basic research shows typical acquisition price anyway from 30-50% (obviously some outliers). So let’s assume the FS increase NPV per above and also that our current 9% x NPV increases to 15% (still grossly undervalued). That would take us to market cap 2.5 x 15% = $375M or $2.7 /share over 140m shares vs current $187M or $1.5 per share over 125m shares current. The point is that $20M us good investment I believe and drop in bucket of future cash flows of Casino which should help improve the representing economics thru updated FS, and improve valuation thru derisking getting closer to shovel ready. Agree though...Need to see better execution this go around versus what was done with all prior raises! 
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