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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 Aug 28, 2023 1:02pm
121 Views
Post# 35608338

RE:I like Paul…

RE:I like Paul…Interesting thought experiment, Metal. Consider the basic caricature of Casino:

"OMG you guys, this is an (1) uneconomic, (2) low grade (3) optionality play in the middle of nowhere with (4) $4b Capex. Pass."

Paul's tried fixing stupid:

1.Any project with NPV $1 is technically economic, the real question is does the IRR match the operator's internal benchmark at their long term price deck.
2. While CuEq of the overall resource is rather low, we're considering a starter operation with grades approximately 4-5x the average.
3. Our FS is done at $3.60 Copper, 10% more aggressive than the PFS, but still rather conservative given the broad consensus of where copper prices are going.
4. Remember that slide in the presentation where Capex is requalified as price per tonne of production during the life? You all remember the line: "not particularly cheap, but not particularly expensive either." That slide hasn't moved the needle an inch in terms of sentiment.

So, for anyone who's read this far: how does Paul show he's "able and willing to do what's needed to drive market cap?" What does he need to do here?
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