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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

Post by IgnacioCashmereon Apr 16, 2024 11:57am
118 Views
Post# 35991674

Discount to value of gross metal

Discount to value of gross metalThe longer the life of a project, the less value is assigned to each ounce/pound/gram of metal on a percentage basis. Casino is a very long life project, 50 years minimum, but probably longer. With the few resources that go this long, the in the ground price per ounce is not the same as the average project that gets built of 15 years. How much is gold  in the ground that will be mined 41 years from today worth? So for Casino the value of the copper & gold is simply not going to be as high in the ground as for short life projects.  This project is in its 17th or 18th year of development by my count. That's way too long. Build it or sell it to someone who can. They are lifestyling currently by doing a little drilling, getting a little road advancement,  dipping the toe 1 inch deep in lukewarm water. It will have to be sold to a major to get built, these guys aren't doing it. But that doesn't mean there isn't money to be made here in the meantime.
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