Western Copper and Gold Corp T.WRN

Ellis Martin Report: Western Copper and Gold

[Marine2]

 

Ellis Martin Report: Western Copper and Gold Corporation's (WRN) Dr. Paul West-Sells Speaks about Rio Tinto's Investment and What It Could Mean

 

2022-11-07 01:30 ET - News Release

 

Malibu, CA, United States, Nov 7, 2022 - (ABN Newswire) - In this segment of The Ellis Martin Report we speak with Dr. Paul West-Sells, the President and CEO of Western Copper and Gold Corporation (NYSE:WRN) (TSE:WRN). Mr. Martin chats with Dr. West-Sells discussing Rio Pinto's investment in the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world. What does this mean for the company potentially in 2023? 

The Casino Project hosts approximately 7.6 billion pounds of copper as well as 14.5 million ounces of gold, one of the largest projects of its kind held by a junior mining company. 

Major Mining Operator Rio Tinto Canada made a $25.6 million dollar strategic investment to advance the company's Casino Project in the Yukon. What are the implications of this investment? 

Dr. West-Sells has over 25 years experience in the mining industry. After obtaining his Ph.D. from the University of British Columbia in Metallurgical Engineering, he worked with BHP, Placer Dome, and Barrick in increasingly senior roles in Research and Development and Project Development. Dr. West-Sells has worked for Western Copper and Gold since 2006. 

To Listen to the Interview, please visit: 
https://www.abnnewswire.net/lnk/D36NBDZ1


About Western Copper and Gold Corporation:

Western Copper and Gold Corporation (NYSE:WRN) (TSE:WRN) is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world. The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

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[jclarke042]

Thanks Marine.  Clearly they're extending, I don't know why they're going to drag this announcement out 3 more weeks. Just announce, take whatever selling comes at us, and move forward. Look at what's been revealed the last two interviews: 1. They've been sitting on assay results for months now! You have to believe if this was a Filo-type hole they wouldve announced soon

[GardenManman]

They just want to choose a timeline to release report, curently market is not bad, they still do not release it, maybe it is not excited report. haha 8:25,  what happened ? 

[Marine2]

Hi jclarke Sounds to me like after Nov WRN is up for sale regardless of Rio's right of a one year extension. Paul has been talking to other large mining interests with all the DD results that Rio needed to make a decision.  WRN is up for sale !! That is my take away from the last Ellis Martin Report interview. Will we see WRN trade into 2023 ?? M2

[MetalMinded]

I don't believe RIO has any rights within the investor agreement to delay publication.  

[MetalMinded]

Nothing in here is bad, unless you are timeline dependent.  For the more negative in the group, having a good backup plan to RIO actuallly HELPS us in negotiations with them just like them knowing we are talking with other majors.  They may drag their feet, regardless of the reason, but if anyone comes with an offer for Casino, just see how fast RIO can make internal decisions.  

[Marine2]

Metal As you stated this is exactly what I see comming up ! ""They may drag their feet, regardless of the reason, but if anyone comes with an offer for Casino, just see how fast RIO can make internal decisions.  "" It's eather a prmium break deal for WRN (exclusive) or offers for Casino from other mining compaines. All the DD will be out there to scrutinize,, start

[Sooner]

Yes - the starting point for an auction requires: 1) 2 or more bidders 2) a starting bid i propose a starting bid of $3 cad...and if that's too low then point 1 should take care of itself....especially if it's grossly too low like many of you believe! right now it's a blind auction...soon (assuming we finally get all released) it will be an open auction! totally agree Clark, all

[jclarke042]

So then, why not release what we have as it comes in? If everything is good as advertised, the market should see that as increasing the chances of a takeover. I didn't believe management when they said Golly, everythings just taking so long nowadays, ya know. And now, after thinking about it, I don't believe they: 1. Don't have all the assays 2. Aren't in possession of both full

[Sooner]

My opinion...is Rio is asking for delay until they have chance to review together and determine next steps working with Rio. Total opinion only... I can't think of anything else! At some point we need market to realize Casino is going to be developed and it's not going to sell for 12% NAV!!!

[GardenManman]

jc. I agree that they have report already. Why they timing to release. If there is no incredible "game changer" report. Maybe there will be no tide to market capital at this time (market crash, metal crash during last 2 months). Frankly, I don't think these report is important if there is no Rio clear next action plan. If Rio plan cleat. Report(even normal report) will be catalyst to

[MetalMinded]

Once there is a clear and finalized report on both the drill results and the MET, they are bound/required to released to the public.  They cannot withhold that info...only for RIO eyes.  It would be illegal to do so.  What they can do in continue it in draft form for a while, but that wouldn't make any sense and would only last so long.  The engineering firm is independent

[jclarke042]

Then, do go back to the Mining Stock Daily interview from last week. They have one met report finalized, second one is in draft form. So yes, they can and are withholding that info. Likewise with the first bunch of assays.  Listen again - start at 43:10 for the beginning of the interview.

[MetalMinded]

They can hold and release all at once since it is in fact the same subject matter.  They do have the OPTION of releasing portions earlier if they so chose but they have already stated publicly that the results are within line of the information contained in the feasibility study.  There is ZERO inappropriateness going on.  I get the frustration, I want it too, but do not agree that