RE:RE:RE:RE:RE:What a joke I've been long WRN (a little longer than I would of liked!!). Looks like it will be longer still. I actually considered bailing recently however I still believe in the project and continue to hold. I wanted a payday but at current levels there is no way that a premium could be offered that would make me happy. I'm guessing that's the case with alot of posters on this board.
What makes it more difficult is that I don't see anything in the near future that will move it up to a point that a reasonable premium can be added. The escalation will need underlying reason(s) and I see them as being:
- Increase in resource prices. Expect it to happen, although I've been waiting a long time for that. Copper deficit this year??
- Enough of a commitment on the grid to satisfy RIO that they are safe to move ahead and include it in thier operational & financial plan. I think it's a no brainer that it will happen as the Yukon needs it, however again this could take quite a bit of time.
- YEASB application submitted (& approved).
Good and bad news with the above. Bad is time. In my case it always is. I've been waiting & am prepared to wait but not forever. Good is that the further down the path this thing goes the more valuable it becomes and the more interest amoungst majors. If Rio waits for this thing to be shovel ready & 100% derisked they will be paying top dollar and competing against others. This translates into more profit for shareholders.
Looks like we will be enjoying each others company for awhile yet fellow posters. GLTA!