Western Copper and Gold Corp T.WRN

Moly

[Sooner]

https://www.mining.com/molybdenum-price-in-europe-hits-record-high/

[Marine2]

Sooner You may on to something, ""So Moly is bigger than Gold in terms of revenue at current $33/lb. Even Moly at $26 is equivalent to Gold....yet no one cares...haha...aside from me and you. "" After reading that article https://www.mining.com/molybdenum-price-in-europe-hits-record-high/ moly may become more valuable then the gold at Casino.  Never know how

[Heywood_Silvers]

Wanna know why nobody cares about the moly?  Becuse while copper is a green metal and gold/silver are monetary metals, what is moly?  I mean, most of us have barely heard of it and can't name one industrial use of it. That being said, as a cost offset I am all for it enhancing the NPV of the project, but it really isn't on my radar whatsoever.

[jclarke042]

Exactly

[Marine2]

Moly could become the next Chinese controlled metal ? Argus reports that European prices for moly are now at the highest levels since the company launched its in-warehouse Rotterdam assessment in 2019 as supply from China slows. China produces over 40% of the world’s moly. Chinese ferro-molybdenum hit 15-year highs recently.  Uses of Molybdenum Alloys in the Steel Industry

[Sooner]

Just because you don't know what moly is used for doesn't mean it's not important....and if it has gone up in price from $$14 to $30 and gold has only gone up from $1700 to $1900 since FS...perhaps that's an indicator that the market could care less if people can spell molybdenum and now what it's used for or not.   At what level of revenue % of Casino does Moly become

[MetalMinded]

And, it's used in steel making.  Isn't RIO the largest iron ore miner in the world?  Hmmmm, seems to be a good synergy there as well.  

[Pinegrove1]

I haven't done the math but Moly is was 17% of total revenue. If you double that with no additional cost it would have a significant impact on NPV. 100% of increase drops to the bottom line. This is not insignificant. 

[Marine2]

Pinegrove  You point out, Moly is was 17% of total revenue. Significant enough I will follow Molybdenum prices along with Copper and Gold ! Higher Molybdenum prices will reduce the cost of mining the Copper & Gold. London Metal Exchange (LME) Molybdenum prices   Link>>  https://ycharts.com/indicators/molybdenum_spot_price   The London Metal

[Pinegrove]

Aw heck, I had to do the math anyway.  Assuming that copper, gold & silver prices don't change from base case (which we all know is false as they are all WAY up) and moly which represents 17% of total revenue, an moly doubles - it now becomes 29% of total revenue.  Quite a sizable chunk.  We really need to get off base case (feasability study) cost of minerals.  All

[nmpappy78]

THANK YOU, PINE!!

[Sooner]

Sandy's response to my add'l proding on Moly -- ---------------------------------------------- The moly price is volatile, I would note that today it is $33 where as a year ago it was $14.  We emphasise copper and gold as these two metals garner the most attention, Paul often highlights moly’s importance at 17% when speaking to Slide 8 in the corporate presentation.  We will