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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 Sooneron Dec 01, 2023 11:39am
131 Views
Post# 35763519

RE:A proposal for the newly raised $6M

RE:A proposal for the newly raised $6MCopperAndGold ---
totally agree--- i pretty much begged Paul/Sandy to do this previously....telling them for example, $20M cash in the bank drives $20M market cap....but using that to buy back $1M of shares a day for 20 consecutive days i can guarantee you does a factor of X  times $20M incresae in market cap. What is X is anyone's guess, 2, 3, 4, 5 ???

Regardless, i agree..more cash on hand results in only one thing...spending it!!! Rest assured....it seems like these types of companies are much like Gov't. I got cash...I'm going to spend it. On drilling on top of drilling. On stock options/grants. On holiday parties. On ???? I have no idea...but point being it's not necessarily always the best option to increase market cap. 

What i hope is that as negotiations for a buy out occur...we don't have too much cash on hand that could have been used much more efficiently to drive MARKET CAP in the negotiation process.

here's what Sandy told me when i suggested something other than cash in the bank!

"In conversations with Paul on our cash position, we are entering the permitting phase and a good portion of our current cash position is budgeted for this work.  With unfavourable markets we would not use cash to buy shares unless we were 100% confident in outcome.  The board and management continually review strategies for increasing valuation. 

"

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