Western Copper and Gold Corp T.WRN

While you all chatter in theory

[Diamondboy123]

The trading patterns are horribly negative. Huge sell lots. Feeble bids.  All with gold and copper and silver and moly flying high. For something to be imminently bought out etc the temperature is quite mild.

[Sooner]

Db - at some point...we will get an offer from Rio or other. I believe if Rio sticks to how they did with TRQ...it will NOT be their best offer out if the gate. Let's assume we are trading at $2 usd...I believe the offer would be around $3. Rio might believe Casino worth $5 usd but they wouldn't offer that first if our market cap doesn't justify. Just go back and see TRQ negotiations

[jclarke042]

"By Q1 we should have some clarity!" And Charlie Brown thought Lucy would keep the football still this time. I'm no longer getting any hopes up based on any WRN provided timelines. They're zero-for-the-last-year. For all we know, Rio wanted clarity on permitting process, now they'll want certainty (meaning, through the YESAB process, like Coffee). Open ended now, IMO, even

[IvanRo]

Am on the fence, well slightly leaning towards Rio wanting certainty around permitting. In saying that, would Rio want to influence or add their corporate weight / experience to the permitting to ensure its successful? I would have thought they would but they seem like a lazy corporate. Note: I still think we get an offer by late Q2 / Q3 (although doubt it will be Rio)

[jclarke042]

I haven't decided yet whether I think Rio is still the Bull in the China shop everyone claims, or they're now so timid they don't want to rock the boat. That they've been up there since November 2019 looking at Casino strongly suggest the latter. Our board & permitting team includes: A founding member of YESAB, a lead on Coffee's process, a 20 year vet of FN relations

[Diamondboy123]

Clarke if the feel was serious funds and high net worth folks would be all over this. When we withstood lots of volume selling at 2 bucks Canadian I thought we were turning. Now it seems the opposite. No hunger. No hurry.  Just feels ugh.  Know what I mean?  Still bought on both us and can side recently.  Just not Uber excited as I was. Hope we get surprised soon. 

[jclarke042]

No hurry. Nothing in the PR giving anyone any FOMO. No context via interviews with outlets we sponsor, and are glad to give us all the airtime we want. But then some outdated webinar gets released for God knows what reason. Still have the shelf filing out there, so IMO, substantial gains from here might be capped until there's clarity there. Again, it's as if they deliberately trying

[Marine2]

Rio and Western Copper are starting to look like my last buyout,, Integra gold and Eldorado Gold. Lots more going on in the background then "boom" something comes out,, Buyout offer,, but this time there will be other offers, unlike Integra Gold !  ""No Hurry"" Last buyout came as a surprise ! (ready to give up) (1)  Eldorado Gold Invests $14.6 Million

[nmpappy78]

Sooner: A very good case can be made that WRN has a minimum of $150 BILLION worth of metals in the soil, not countimg the silver, moly, 2 new drillings, 85 miles of scanning, and 2/3 of the property undeveloped!!  And you are suggesting an $800,000 million purchase price (200,000,000 WRN shares times $4.00!!  I just do not get your logic for a mile that could produce for 100 years....

[nmpappy78]

P.S., Sooner: In my "common sense" approach, I use the formula listed in the mining literature that uses the NPV divided by the number of shares to determine the purchase price.  In WRN's case, that would be approximately 5,000,000,000 (NPV) divided by 200,000,000 (WRN shares) for a figure of $25 per share.

[Sooner]

Unfortunately what you are failing to realize is the market doesn't really care what you or I think the value of Casino is...the only thing that matters in valuing Casino is the person with the checkbook who is able and willing to pay what they think the value is.  $150B of metal in the ground is worthless if it's going to take $151B to extract....I'm not saying that's the

[nmpappy78]

Sooner: It is my impression that the NPV (Net Present Value) specifically addresses the costs associated with mining the metals and is a legal document to assure the buyer of the accurate costs. Therefore, the profits can be estimated based upon the NPV.

[Heywood_Silvers]

NMPappy, the NPV is EXACTLY what the name implies:  the present value of all future cash flows, which includes initial capex and sustaining costs throughout the life of the project. Therefore, if I were to offer you $1 today, the NPV of that dollar is $1. So, if a suitor is to reveiew NPV figures, they can adjust certain inputs such as discount rate or average selling prices of metals or

[nmpappy78]

Thanks, Heywood!  Like you I am a long time (2006-7) holder of WRN and am also in your camp regarding the future price of WRN.  I have extreme confidence in Williamson and Vitton because of their experiences, qualifications, and skills, in addition to the wisdom of Dale!!  I can wait....

[Heywood_Silvers]

Ah yes, Sooner, you do raise a point about something only being worth what people are willing to pay for it.  Of course, that logic can be take too literally.......allow me to proffer a bit of a zen brain teaser for you: If I offer a one ounce gold eagle (current market value of $2,100) to a room full of people will the final offer received be what the coin is worth?  Let's say for

[EvenSteven27]

excuse my ignorance, but why do we keep getting compared to TRQ? aren't we more like Great Bear in many ways? i mean rio has only a 10% stake. room for others to jump in. this was never the case with Turquoise. 

[jclarke042]

We're nothing like GBR. They were a news machine and always a reason to keep buying with the frequency they hit good targets. Share count under 60m. We issue press releases with the greatest reluctance, containing the least amount of information as required by the IIROC/SEC. This keeps up a more apt comparison is going to be Keno Hill. 

[Sooner]

For my part, I always bring up TRQ in this forum because it clearly shows how Rio makes decisions relative to what they perceive as a far offer during acquisition.  Bold Bataar communication directly to TRQ shareholders---- it's a great read and will give you some understanding about the process they use. I am NOT comparing assets in any way...since that is immaterial. 

[jclarke042]

Steve - further to my GBR comparison, it would be as if we released up-to-the-minute updates of our progress on Rio's list. Take each bolder section in Tuesday's PR. If we updated the market and shared the results of each of those in real time, where do you think our market cap would be? Especially if we reiterated, because most investors are fools, this continues to prove Casino's

[jclarke042]

Take each bold section***

[dfwrgk]

We do have the ability to Vote No... Correct?

[Marine2]

"While you all chatter in theory" This is going to be painfull while we waint for something to happen. What is Paul doing next week,, who is he talking to ? Does this tell us anything ? From $1.71 to $2.50 Close Prices Last 3 Months Price/volumes not adjusted for restructures Date Ex Sym Open High Low

[Sooner]

Yeah - it tells us similar to what I said before...trend has been for each 1% copper goes up WRN goes up double. Copper up 22% over same period and WRN has gone up about double.  I don't think we can give management credit for doing anything on this...we can credit the market lifting share price...nothing more. Rio up about exact amount as WRN over this period....so that's not

[jclarke042]

Considering the volume has been consistently low (ie., sub 400k shares) also suggests this is all just machine/algo trading tracking the copper price. It bears repeating: in the 3 weeks prior to Rio 2021 announcement we saw several days of >1 million volume.

[Marine2]

This has been my theory on these juniors like WRN. Western Copper is worth about $0.50,, yes copper gold prices play a part but it's mostly market sentiment on a buyout possibility that sets our $2.50 price ! WRN is like a small canoe out in the ocean hoping a large ship named Rio comes along and pickes them up. Floating  along on it's own our shares would be trading @ .50 ! IMO