Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Heywood_Silverson May 09, 2024 5:54pm
42 Views
Post# 36032311

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WRN Board

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WRN BoardSooner, I get where some of the WRN stakeholders are coming from, it is through the lens of Casino as a copper asset.  If copper were the only asset in play, then I would fully back your prognosis of a $6 per share valuation in a future buyout.

I view Casino from the lens of it being a gold asset with copper offsets.  Here is my investment thesis for WRN:

1)  Casino is one of the top 5 junior-held gold assets globally with a reasonable outlook of being developed into a mine in terms of gold ounces in the ground.
2)  The world is de-dollarizing (BRICS, etc.) as the rest of the world ditches US Treasuries and starts buying gold in preparation of the new monetary system.
3)  If the world de-dollarizes, what do you think will take it's place?  A betting man will say gold.

You have no idea how high gold will revalue (nor do I), but it will be considerably higher than $2,500 USD.  You view Casino as a copper asset and want a near-term buyout at a lower price.  I view Casino as a gold asset and want a buyout after gold reveals its true value.

How you view Casino determines how you will approach any pending buyout offer.  From where I stand, I will reject any single-digit offer.  I cannot speak for Sandeep, however, he is only one person with a vote.  If Sandeep is true to his gold roots, he likely swings towards my side of the argument.  If Sandeep was a copper boy in the back pockets of RIO then I may agree with your forecasts.  Let's see how this plays out, but I have a hunch that I am correct.  And, if I am correct we both come out smelling like roses, no?!

<< Previous
Bullboard Posts
Next >>