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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 Heywood_Silverson Apr 03, 2024 9:08pm
118 Views
Post# 35969377

RE:RE:RE:RE:RE:RE:RE:RE:RE:WRN with Gold @ 2,500.00 us ???

RE:RE:RE:RE:RE:RE:RE:RE:RE:WRN with Gold @ 2,500.00 us ???I get it Sooner, all joking aside, you're looking for a double or a triple.  Nothing wrong with that.  The average S & P investor would salivate over a double or a triple in a few years worth of time.  Sad truth is though, most investors (S & P crowd) strive for mediocrity, hence why the mutual fund industry is so popular.  The average investor doesn't think in terms of baggers (5 bagger, 10 bagger, etc.).  They want the double over the 5 to 10 year period because that is the norm.  The average investor will look at the junior resource investor and think they are crazy, greedy or being unrealistic.  Fine, let them have their mutual funds I say.

If you study the junior resource market over time you will understand why hoping only for a double or a triple is being way too conservative.  Fine, I get you can buy at X price and then set the sell order at double or triple and just wait for that to happen.  But, why be so narrowly focused on a specific price target as to ignore the possibility that you could achieve a much higher gain if you wait for a buyout?

Go view some of the historical videos of Rick Rule interviews.  This is a world class investor who buys at the bottoms in anticipation of spectacular gains.  He's been there, done that as one would say and he plans to do it one more time during this current cycle.  The junior resource sector is the one sector that can deliver outsized gains during bull manias similar to what we saw in the 70's and 2011.  The cycles are sizing up for new highs in the not too distant future.  BTW, a 10 bagger is CHILD'S PLAY at the heights of a bull market for top junior resource companies.  I had almost a 30 bagger with a company Sprott got involved with back in 2020 just on the fervor alone.

Look, I fully admit that if we have lousy, back-stabbing management we could easily get sold out at or below your $6 dollar target.  I trust though that the insiders are playing the long game like I am.  But, that is the beauty of share ownership, we all get a vote per share on any future divestment decisions once the suitors get down to bras tacks at the negotiating table.  The longer it takes (gold can easily tack on $100 or more to the spot price in a week's time) to negotiate the higher the payout will be.  Once we break past $2,500 the next stop will be $3k gold (about TWICE) the value of gold per the PEA.  If RIO or any other suitor thinks they can buy Casino based upon that low, outdated figure they'll have to step back and realize that "We aren't in Kansas anymore toto......".

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