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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 Heywood_Silverson Jun 23, 2021 2:14pm
94 Views
Post# 33435300

RE:RE:RE:USD

RE:RE:RE:USDNMPappy, I totally agree that no way this goes for $1 billion or less, not happening.  If Casino is a better project than Pensaquito (Dale thinks so, he is the expert, no?) then we know this is worth in excess of $1 billion in 2006 dollars.  What is that in today's value?  Over $2 billion.

Oh by the way, did anyone notice that the base case NPV figures were concerning the first half of the mine life?  So, zero value is given to the back HALF of the mine life??  Obviously, that would have to fall under my "goodwill" category which includes blue sky exploration, etc.

Add it all, up we are definitely talking a $2+ billion deal here folks.  Divvied up amongst the 134mm non-RIO shares outstanding and you are in the ballpark of my $20ish a share target.

Just my educated guess here, based upon publicly available information and my back of the envelope calculations.  Like I said, don't forget about the goodwill, there are plenty of items that can't be or weren't quantified on the base case scenario.  This is where shrewd negotiations come into play.
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