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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 IvanRoon Jul 13, 2022 5:35am
124 Views
Post# 34819900

RE:RE:RE:RE:RE:RE:Final death knell?

RE:RE:RE:RE:RE:RE:Final death knell? I can't say I have been in WRN that long... I only found out about it after scanning SEDAR for investment opportunities and running the numbers through my financial spreadsheets (and probablilty scenarios) back in early 2021 - which also tied in with my Masters Dissertation in Metals and Energy Finance. I bought on the last dip and had an avg price of $1.37 USD and then got greedy and bought more to have an avg price of $1.61 - stupid stupid but anyway - most of us are nursing some paper loss.

I think the best scenario is carve out the Casino permitted area from the main license and sell for around $3 USD with a royalty attached. Use the funds generated to explore the rest of the license area and repeat - this will maximise shareholder value in my view vs trying to get a major to cough up 1.2-1.5bn at ~6 USD then have a Capex build out of 3bn and lets be honest Capex never goes down it only goes up. 
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