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Bullboard - Stock Discussion Forum Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining 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... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > Rio / Mitsubishi
View:
Comment by EvenSteven27 on Apr 06, 2023 7:03pm
Thanks for proving me wrong, JC. So, Mitsubishi has worked with both. I know from living in Japan for 35 years that Sumitomo is Rio's main offtake partner. In fact, I pass the smelter every Monday and Wednesday.
Comment by jclarke042 on Apr 06, 2023 7:21pm
All good. I tried untangling the web when they announced, their corporate website & investor report was a maze to be sure. 
Comment by Marine2 on Apr 06, 2023 8:57pm
Com-on We all know Rio and Mitsubishi have worked together in the past and are now working on a partnership,,, and buyout plan for Casino. Paul courted  Mitsubishi into the deal knowing Rio was a little anxious about the development cost of Casino. The strategy and timing are all falling into place, Dail & Paul are driving this buyout by setting things up for a bought ...more  
Comment by EvenSteven27 on Apr 06, 2023 9:15pm
i agree, Marine. it's coming next week and we'll be seeing a $6-10 initial offer. i wish it weren't this way, but, yes, Rio will try to lowball it. still, hoping for a competitor bid. 
Comment by EvenSteven27 on Apr 06, 2023 9:07pm
i am still surprised how and why Paul did this behind Rio's back then. 
Comment by Pinegrove on Apr 07, 2023 6:21pm
I'd guess that Rio & Mitsubishi got together before Paul & Mitsubishi got together.  They are going together here & Paul could of been the last to know!
Comment by EvenSteven27 on Apr 07, 2023 7:11pm
but Paul said Rio didn't know. so you're saying he didn't know that they knew? 
Comment by jclarke042 on Apr 07, 2023 9:23pm
It's possible Rio and MMC talked first. Paul said something about Mitsubishi being "a partner of choice." I'm almost convinced, but it's still not clear to me what Rio gets out of MMC being there. 
Comment by CopperAndGold14 on Apr 07, 2023 11:22pm
My guess would be that RIO gets someone else to share the startup costs to build the mine.  It seems unlikely that any one company will want to pony up the capital to build this.  It's a huge construction project, absolutely requires on-site LNG powered turbine generators for electricity.  Am I remembering correctly when I think someone wrote that once built, the Casino power ...more  
Comment by Sooner on Apr 08, 2023 6:25am
That would be ironic....I would find that kind of hard to believe though and I would think the Rio CA would have covered such behind the scenes activities ...but I'm just speculating on that as well.
Comment by jclarke042 on Apr 08, 2023 7:18am
LOL. Hey MMC, our strategic Investment everyone knows about? Nice to have a partner we've worked w before share the publicly discussed capital requirements. Why don't YOU ask them if & how you can get involved. Of course you've heard they're asking for more help, they'd welcome a call from you. See sooner? Easy as pie. Quick phone call, no paper trail necessary. 
Comment by Sooner on Apr 08, 2023 7:54am
Haha! Yeah. I'm totally confused and ignorant about how this entire thing goes down. I guess I naively believed when Paul says Rio was unaware that they were unaware about the MMC thing entirely and he wasn't trying to be subtly deceptive. but I got no clue....about what Rio is doing behind the scenes, what they would be able to share with others relative to the CA they signed etc. I' ...more  
Comment by Marine2 on Apr 08, 2023 12:41pm
Sooner The way I read this with Rio and now MMC buying in for 5% is,,, MMC saying we are interested in getting involved with the Casino project ( cash in the game) lets get togerther and see what kind of deal we can come up with. I believe Paul is pushing (in the last two weeks) for Rio / MMC to work on an plan and buyout offer,, if not Paul has said,  we have other interested parties of ...more  
Comment by EvenSteven27 on Apr 06, 2023 9:27pm
Basf on your info JC, the smelter will be Onahama in the Tohoku region. very direct shipping route. makes much more sense than yawata. yawata is used for pilbara. yawata is more direct for australia. frankly, i don't think these companies care who they work with. just what makes dollars and sense... don't count the cents. 
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