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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 territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Post by Sooneron Feb 06, 2023 5:48pm
258 Views
Post# 35270492

Newmont bid for Newcrest

Newmont bid for Newcresthaha! This is hilarous --- already stating they are opening to sweetening the bid!!!!

https://www.reuters.com/markets/deals/australian-gold-miner-newcrest-gets-169-bln-buyout-offer-newmont-corp-2023-02-05/

Now- according to Newcrest, they have 27 years of production left at current (2022 levels). Interesting, that's the same as Casino Phase 1 (27 years). Let's assume our Phase 1 is 1/3 of our asset (which we've heard) and that is similar to Newcrest upside outside of the next 27 years (so they offset each other). So let's look at the next 27 years comparison ---

You can see Casino Phase 1 about 1/3 of Newcrest --- 
Offer for Newcrest $16.9B...
Our market cap is 1.5% of that with 33% the resource!!!
Quite a disconnect. Yeah yeah yeah...Clarke ....I know it's not apples to apples since producting asset vs. non permitted.
They might have higher grades, etc, etc... I understand and get that .....BUT I do NOT understand that big of a difference! Offer $240 per oz of Gold equivelant vs. we're trading at the lofty level of $10 per oz of Gold equivalent. Likely Newcrest is going to call this a "stink" bid....so if that's a stink bid...what adjectives would we assign to our current market cap?

As a special note, the comment from Paul that Casino is the single biggest asset in Canada for critical minerals (Cu & Mo). Did anyone else catch that? Even that not doing anything for our market cap it seems!!!! I can't imagine trying to negotiate with Rio right now in Paul's shoes with our market cap where it is...very challenging to say the least. 
   Spot  Newcrest Annual Per year Casino Annual Per year
Au  $ 1,900              2,000,000  $     3,800,000,000            211,000  $      400,900,000
Cu  $        4         270,000,000  $     1,080,000,000    163,000,000  $      652,000,000
Mo  $      37 0  $                           -         15,100,000  $      558,700,000
       $     4,880,000,000    $   1,611,600,000
    27 years  $ 131,760,000,000    $ 43,513,200,000

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