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Bullboard - Stock Discussion Forum 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... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > Copper Panel hosted by 6ix
View:
Post by Sooner on Apr 13, 2021 6:45am

Copper Panel hosted by 6ix

So i watched the interview - I thought Paul did good job of explaining the project at high level.

The one thing I really wished he would stress more and really drive home to investors is the fact that:

1) WRN currently trading at a valuatoin that implies Casino will not become a mine for 20 years (if ever) but that Management is confident that we are getting things lined up to prove them wrong
2) Hit home on the fact that at current spot, we are trading around 5% of NPV from prior FS - of which we expect to become more like 2-4% with updated PEA /FS once released (surely they are smart enough based upon prior work to give high level guidance. 
3) Translate our in ground valuation to close to $100B - and again hit home the fact that we are trading at around 0.7% market cap to that
4) Highlight typical copper costs per lb average $0.04 - $0.10 on recent transactions - we aren't even at $0.01
5) Challenge the audience to find any company whose market cap is trading lower relative to valuation metrics

I mean the other presenters (Trilogy Metals) trading at $330M market cap and NPV at spot = $2.2B (and they had capex of > $1B i believe). That's 15%....or about 3 X WRN valuation. I didn't check on Kodiak....but likely the same story. Maybe i'm missing something on those???

I've challenged everyone on this board to find better valuatoin than WRN ...and at this point i've been given nothing....zero....nada. Our valuatoin should speak for itself but sometimes we need to do the speaking and i just think Paul needs to hit that home more strongly and showing the world he's sitting with a Full House and no one has cards better than him from a valuatoin standpoint IMHO.
Comment by cb2task on Apr 13, 2021 6:54am
This post has been removed in accordance with Community Policy
Comment by Pinegrove1 on Apr 13, 2021 9:06am
He looked like he was bored. He's done the presentation too many times. Needs to freshen it up and get some enthusiasm or find someone who can. 
Comment by MetalMinded on Apr 13, 2021 9:16am
I hate to say it this way, but it's almost like they are intetnionally trying to not build enthusiasm about Casino.  So one has to ask, when "normal" behavior would be to be building lots and lots of enthusiasm (even soem of it undounded), why would they (and Paul) be almost intentionally "boring" about the asset rather than off the charts enthusiastic?  
Comment by cb2task on Apr 13, 2021 9:30am
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Comment by MetalMinded on Apr 13, 2021 9:53am
Heck, even the most enthusiastic person in the world would get bored saying essentially the same thing over and over and over.  
Comment by jclarke042 on Apr 13, 2021 9:57am
Especially if he can't talk in detail about the PEA we're all waiting for. Has to be real frustrating.
Comment by Sooner on Apr 13, 2021 10:21am
So many things could be discussed and getting excited about regardless of PEA completed. How about showing a chart of the most recent 10 copper and gold acquisitions relative to price paid per pound or ounce of resource. Then put WRN on that chart. or put other similar projects that are explorers at similar stage as WRN and put comparable valuation metrics to WRN.  or show what is ...more  
Comment by cb2task on Apr 13, 2021 10:27am
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Comment by Pinegrove1 on Apr 13, 2021 10:35am
I agree with all you have said.  Seem obvious to us.  I keep thinking I'm missing something.  I'm patiently waiting for this pre PEA promotion push.  
Comment by MetalMinded on Apr 13, 2021 10:52am
Agreed!  How about some just general level of heightened enthusiasm about the PEA that is coming out soo and how he and the board are super excited to get the documement and share it with everyone.  Regardlessfo where you are in a process, you can be super excited about where you are in a process and the next steps in the process.  Time for Paul to be a cheerleader and rally the ...more  
Comment by Diamondboy123 on Apr 13, 2021 11:10am
Jesus Joseph Mary. I even love metals post.  Management it ain't just me.  Let's get it on. Cmon were in this together.  
Comment by cb2task on Apr 13, 2021 11:28am
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Comment by Sooner on Apr 13, 2021 12:14pm
I sent message to Paul on my points.  Seems ike the animals on Manor Farm are getting restless and harken towards better times on Animal Farm.  I suppose: Mr Jones = Paul  Major = DB Comrade Napolean = CB Snowball = ? Squeler = Sooner Benjamin = ? Clover = ? Mollie = ? Muriel = ? although i'm open towards other nominations and especially someoone else being the fat pig...
Comment by cb2task on Apr 13, 2021 1:49pm
This post has been removed in accordance with Community Policy
Comment by Diamondboy123 on Apr 13, 2021 10:47am
Sooner I couldn't say it better myself.  Maybe all of my posts and I admit some were obnoxious and annoying have left some impression.  Critic thinking is liberating.  Now let's hope it initiates change.  We shall see.  Good work sooner. 
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