Western Copper and Gold Corp T.WRN

Canadian Permitting

[IvanRo]

Quick question re: Canadian Permitting, will WRN have to submit all the technicals mine and processing design, waste treatment, water etc etc in the application in Q2 next year or will it be done in stages? Reason I ask is, any potential suitor will not want to be bound to something already submitted or have to go to the bother of changing it mid process if they have alternative ideas for how the mine should be developed i.e. stages vs big bang and would be likely to take out WRN in advance of any submission. Any differing views or insights?

[GardenManman]

IMO, COO was hired for lead these type of works. Mr. Engquist brings nearly 30 years of leadership and extensive development experience overseeing the de-risking and advancement of numerous mining projects from early-stage exploration through start-up and operations. Most recently, he led operations, technical studies, work programs, permitting, and stakeholder relations as COO of First Mining

[GardenManman]

IMO, his experience can make the flexible plan to possible owner, Rio or other suitors. That's reason why he can get 1 million options.

[Moneymann]

No harm intended  but he says for permitting 4 years needed .. although all the leg work done  and Rio is hesitant.  I repeat you can not permit giant open pit mine in Canada , only way staged development. There are other countries pulling back from full start and some banking all together .  

[jclarke042]

I'm sorry, but is the first 4 years, heap leach, core zone, NOT considered staged development? How is it not?  I must be misunderstanding something.

[Moneymann]

Start with 60K mill J , smaller tailings , prove and gain trust . tailing facility , thickened tailings will be first time in use at North . Energy requirement will be immense and reduced traffic to mine will be appreciated . furthermore there is no available workforce in Yukon . Let FN corporations adapt and develop themselves . socio economic reasons 

[jclarke042]

And then go through all the permitting again? 

[IvanRo]

You are right Clarke, based on the reading I have done, it sounds like if you "go small" initially you would have to go through the Environmental and Social Assessment (and permitting) again if you wanted to "go bigger" later. IMHO, yes there are obvious permitting risks given the scale of Casino but "going big" will provide optionaility for any mining major to scale

[Moneymann]

While you can printing money, you can parallel permit it. As a whole 120K per day you can not permit it. Risk of losing it is too big.

[jclarke042]

Hopefully I don't have to explain further how this would be catastrophic for us. Have to believe the board would rather reject this idea than further dilute us. We've been told repeatedly we have enough $ for permitting.

[blueboron99]

jclarke, you are 100% correct. WRN has already raised $28.75M through a flow through investment that Mike Vitton initiated after his arrival. That $ was earmarked for the  FS, and all expenditures to get us through to the completion of the permitting process with YESAB. ie. get Casino project shovel ready. There is no need to dilute the share value any further, lets hold Mgmt accountable

[IvanRo]

Yep, I don't disagree with you Clarke it would be catastrophic. Point is who knows what Rio want to do, we will only have clarity once they start the proper sit down discussions either pre or post Feasibility Study.