Response from Sandy. Hi Sandy,
I’m a long term medium sized share holder. Not had any updates from WRN in a while. Wondering if there were any planned interviews soon. Also I see that potential grid power is being discussed as a “game changer”. It would be interesting to know the ball park impact on NPV & IRR at various gold, copper & molly prices (similar to the slide you currently have in the presentation). A lot of investors are assuming that Rio is waiting on clarification on the grid before moving ahead and as such I see this as being relevant.
Thank you,
HER RESPONSE
Hi Dan,
Hope you are well, thank you for your ongoing support.
Paul sat down with Crux Investor on January 18th, here is the link to that interview - https://www.youtube.com/watch?v=ytJPHmZNCVE
We recently held interviews with Mining Stock Daily and Ellis Martin Report, once they are published you can find them on our website here - https://westerncopperandgold.com/news-and-media/video-gallery/
Discussions on the BC/Yukon grid connection are ongoing, the government is conducting studies to determine the power costs and are working towards submitting applications for federal funding. Our understanding is the current power rate in BC is $0.04 (not including transmission charges). Rio has been clear that the grid connection does not need to be finalized for them to continue their analysis, but there needs to be a credible path forward to green energy.
Thanks,
Sandy
My take - Obviously Rio wants the grid, however it doesn't have to be completed for them to make an offer. They just need to be assured that it will happen. It can be completed along side of Casino's development. IMHO.