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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 MetalMindedon Feb 26, 2024 11:21am
118 Views
Post# 35899147

RE:RE:RE:RE:RE:I said Paul was just a stupid donkey.

RE:RE:RE:RE:RE:I said Paul was just a stupid donkey.

But you are right in this.  I had added just shy of 100k shares prior to the run-up in 2017 and the average cost basis of those shares was roughly $0.30/share US.  In 2017, I sold somewhere between 1/4-1/3 of those shares essentially making the remainder free.  I've added quite a bit to that postion since then at various levels and have an average cost basis just over $0.80/share on my just shy of 200k share postion.  Like you, I buy and hold this particular part of my portfolio waiting on the payoff.  I am happy with my current position and am not actively looking to expand it, but may.  What I have fits nicely in my overall portfolio. 


So, perhaps I take a little softer approach with our current timing and outloook than many.  I see Paul as having strengths and weaknesses.  I'd don't see the weaknesses as having a direct impact on our current share price like others.  I am sure at some level they have a minor indirect impact.  Perhaps that's because my position and basis makes me more patient.  I don't see Paul as intentionally doing anything wrong like some on this board. I see the current market having the most impact.  I hold several junior miners and they are in the same boat even though their CEOs are strong where Paul isn't. 


Do I wish we had a nice offer and buyout, even at the Sooner Sid it First $6?  Sure, I'd like to reply that capital gains into other assets.  But I'm also willing to be patient to get the payout.  Some see that as being a pumper.  So be it.  I do believe in the asset and the eventual payout and am willing/able to wait.  That's doesn't make me a "pumper" or a bad person or never seeing anything as wrong.  I made quite a few statements on this board and to Paul in emails that were more neagtive and questioning direction and decision making.  


Anyway, no need to defend myself for being green on this and patient for a buyout/payout.  

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