Old Swiss Gold Letter Swiss Gold Letter on Sunday, September 18, 2022 recommended
1) Buying Western Copper and Gold (WRN.TO – C$1.62)
2) Rio Tinto also could bid to acquire WRN for C$375 million (or around $2.50/sh).
3) This would represent a 50% premium to its current price, but would still be significantly lower than the highest price for WRN shares in 2022.
4) WRN shares hit $2.50 Jan 11 2023 | | | | | | | | | | | | | 1,594 | 42,256 | 25,030 | 400 | 465 | 29,900 | 1,300 | | | 643 | | | |
| 2023-01-11 | T | WRN | 2.56 | 2.58 | 2.50 | 2.58 | 0.08 | 296,817 | 968 | 2.54 | 2.60 | 172,104 |
5) Profit taking has kicked in since $2.50 and taken us down to $2.24 today,, some investors have already made their money on WRN since September 18, 2022 recommendation ! $2.24-0.03 | -1.32%
Next Step for us !
Once it is built, Casino will generate after tax cash flow of $950M CAD for the first four years and over $500M for the life of the mine. While its initial capital expenditure is significant ($3.6 Billion CAD), Casino would earn back this amount in 3 years. This is remarkable for such a large project.
Buyout from ??,,??,, Rio @ $6.00 CD ! Before June 2023 !
M2