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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 jclarke042on Jun 23, 2021 4:59pm
81 Views
Post# 33436133

RE:RE:RE:RE:USD

RE:RE:RE:RE:USD
Heywood_Silvers wrote:
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.


Since yesterday, I've been wondering just what the point of this PEA was if nothing materially changed from 2013. Your point here brought me back to a question I asked the board (and got no response on) about Paul talking on Crux. He mentioned one of the ways WRN/RIO was discussing the plan was if RIO agreed to fund the project's "capital costs," they'd get the rest. 

This clearly means the potential on any future exploration and/or extension to the initial mine life. IMO, our sale price will be a % of the Base Case, Phase I after-tax NPV in the Feasibility Study, which should have a lower discount rate, and RIO's input, giving it more assurance as to the number we're asking.

Maybe there was a plan to this PEA after all. Right? I'm leaning more & more toward this PEA was not to improve the NPV, but to give Rio an updated idea as to the CAPEX.

Remember, to BHP, this project was too small. Rio can handle US$2.75b easily and will be paid back in 3 years for the trouble. IMO, we're done shortly after the FS.
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