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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 pavcioon May 14, 2024 1:41pm
91 Views
Post# 36039214

RE:Good copper stocks surge like a mighty river

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.

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