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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 Sooneron Jan 22, 2021 11:35am
73 Views
Post# 32359534

RE:RE:RE:What Bothers Me About Newmont, but why need them

RE:RE:RE:What Bothers Me About Newmont, but why need themCurious what you and others would speculate as a "low ball" Newmont offer? I would consider that to be around $250M usd...which is still a 35% premium to current share  price. A low ball offer based upon typical NPV acquisitions I would estimate to be more like $400M. Again, there is no way a Newmont board could recommend to its shareholders to pay something like $1B for a company trading on open market for $180M usd. Probably reason updated FS needed and needing further derisking...you can't blame Newmont for saying something hypothetical like , "hey...we really want to join up WRN...but how can I go back to shareholders and tell them why I should pay such a huge premium to acquire when I can just start acquiring on open market much cheaper over the next 2 years!". 
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