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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 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 beelzeebuub1on Dec 24, 2012 10:06am
223 Views
Post# 20768949

RE: RE: Bottom line

RE: RE: Bottom line

While the recent news has been great for the share price and we are sitting on a big resource

in a politically friendly jurisdiction, this company is not a producer and has no cash flow from

operations yet..  The deal that was done has prompted a kind revaluation to the share price but

looking at the technicals and the fact we are at year end fund book squaring, I expect this one

to take a bit of a breather soon enough.. Some folks who got in at 70 cents are sitting on fat gains

and may be booking profits at these levels..   There may also be far bigger profits ahead

but only if this puppy gets its water permit and gets a positive production decision.

 

 

Do your own dd!

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