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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

Post by Heywood_Silverson Apr 27, 2023 12:35am
452 Views
Post# 35416225

Food for thought

Food for thoughtI took a peek at the latest WRN investor presentation and digested the page where Casino is being compared globally to other junior gold projects in terms of size.  The presentation said that Casino is the 8th largest junior-controlled gold project.  I would contend that we are effectively the 2nd largest for the following reasons:

Pebble (NAK) will likely never see the light day or if it does, the EPA will so restrict their footprint that it won't be anywhere near the potential size and smaller than Casino.  Treaty Creek is only 60% controlled by Tudor, so the portion controlled by them is less than Casino's size.  ERPM was sold off by its previous owners due to operational issues (water in the mine, etc.) which casts doubt on their viability.  KSM & Snowfield (Seabridge) and Donlin (Novagold) are controlled by companies with well over a billion dollar market cap, which in my book graduates them out of the junior sphere.  Cascabel is controlled by a junior, and does have about a 10% greater gold resource than does Casino, however, it is located in Ecuador which is a bit dicey in terms of jurisdictional risks.

There you have it, if you count true junior-controlled gold projects which don't have any sort of baggage associated with them, Casino stands atop of the heap.  We truly are one of a kind, a rare asset.

If any investor understands the future of gold and how valuable it will make us given our (arguably top slot position) pedigree, there is absolutely no way Paul or the BoD will ever entertain buyout offers for single digits.  Elephant sized deposits are VERY RARE.

Those expecting less than $10 in a buyout need to stand back and view the forest for the trees!!!
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