RE:Good copper stocks surge like a mighty river
I was able to gather a few infomation at the beginning of the WRN management presentation, even though communication was difficult due to unclear audio, making it challenging for listeners to hear the speaker properly. Overall, there was nothing new; it was all the same old narrative.
The Sandeep emphasized that WRN's project is a next-decade endeavor, with the mine slated for 2031-32. He highlighted WRN's current market value of $2 Canadian per share, totaling a $400 million market capitalization, and the company's treasury holding of approximately $80 million.
Regarding recent fundraising activities, he mentioned a successful $46 million Canadian raise, which exceeded the initial target of $25 million due to high demand. He emphasized the significance of the investors, including CURRENT and new entrants, expressing renewed interest in WRN's story.
He indicated that WRN was entering the permanent phase of its project, having completed significant groundwork and holding a current feasibility study. He underscored the financial stability to proceed without additional equity for a considerable period. They mentioned WRN's strategic partnerships with Rio Tinto and Mitsubishi, emphasizing their technical contributions and continued support.
He discussed the challenging decade leading up to the present, highlighting WRN's progress despite market conditions. They pointed out the recent momentum in the copper market, stressing the importance of WRN's substantial copper and gold resource potential.
He emphasized WRN's 27-year mine life with billion tons of .4% copper equivalent, with a focus on its economic viability. He highlighted the significance of the core zone, contributing to a quick payback and making the project economically attractive.
They provided insights into WRN's ongoing drilling activities and the project's potential for expansion. Additionally, they discussed environmental considerations, including tailings management and community engagement.
In summary, the repetition of the same old story is a significant disappointment.