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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

Post by Pinegrove1on Feb 13, 2021 5:57pm
144 Views
Post# 32562999

Ownership

OwnershipUpdate on ownership
Management & board - 12%
HNW Investors - 48%
Institutional - 18%
Total 77%
Leaves only 23%.
Let's assume that half of those are in "strong hands" - long term holders such as myself and it seems quite a few of the people on this bullboard.
That leaves approximately 12% on the open market for daily trading.
12% of total outstanding shares = (135,000,000 X .12) = 16,200,000.  
Not alot of shares available & you can see how this can move the price signifigantly in a short period of time.  Also consider that more institutional investors seem to be taking an interest and may reduce this further.

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