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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 CopperAndGold14on Feb 28, 2024 11:20pm
102 Views
Post# 35905559

RE:RE:RE:So?

RE:RE:RE:So?I'm as pleased with the share price moves of the last week as anybody, but let's not get ahead of ourselves here. We haven't yet recovered to the share price of mid-January. (although another $0.12USD day could do that)
In addition, I continue to believe no one is buying the Casino mine until they also have a clear, and nearly immediate path to spending the $3B USD in capital it will take to create the mine. The acquisition price for the outstanding shares is so small compared to the start up capital, and both are required to start the cash flowing. If I had a few billion lying around, I wouldn't spend the first billion until I knew I could quickly spend the next $3B, and begin generating cash.
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