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Western Copper and Gold Corp WRN


Primary Symbol: T.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

Post by jclarke042on Mar 27, 2024 8:56am
167 Views
Post# 35954983

Junior attempts a build - Argonaut Gold edition - A Revisit

Junior attempts a build - Argonaut Gold edition - A RevisitWe discussed Argonaut on these pages sometime in 2023 - Stockhouse's non-existant search function precludes me from finding the original link, because who has time for that? 

Bringing newcomers up to speed: Argonaut Gold (AR.to) thought they'd build the Magino gold mine themselves, following a construction decision a few years ago. 600k oz annual production, increasing to 900k over time. Fast forward to 2023/2024, and continuous capital raises to fund the build equated to a share count of over 1billion. LT shareholders excited about the possiblity of $5000 Gold making the wait all worth it, Sort of like we hear here.

Today, released Alamos Gold entered into a "friendly acquisition" of Magino for 40 cents (CAD) per share. The all time high was nearly 11 dollars.

So, to our "only speaks in price per share, and believes any previous ATH per share must account for inflation to determine future price targets" friends out there: 

Looking at the history of juniors building alone, resultant dilution to near worthlessness on a per-share basis, does it look like WRN has any capacity to build this solo and produce returns to original shareholders? Or does it look like we need to sell to someone with the cash and overall capacity to build this?
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