Western Copper and Gold Corp T.WRN

Barrick and others

[Sooner]

At one point someone on this board stated they use $1200 and something like $2.5 for gold and copper prices in their NPV calcs. At what point do those get updated....they might not have much MA activities if they don't update that....

[Pinegrove1]

The industry should use a common gold, copper price as well as discount rate or we end up comparing apples to oranges. 

[Pinegrove1]

My vote is $1,500, $3.50 and 5%

[Moneymann]

I second that , underline 5% discount 

[Sooner]

Base metals use 8% discount and gold uses 5%...i think that is just historical norms for some unknown reason. Our Corp presentation used to show both at some point. This can literally makes > $1B usd difference in the 2013 FS even...

[jclarke042]

Looking at Gold's short term trajectory, I'm fine if Barrick (or whoever else) keeps low prices when evaluating, it'll make 15-1700 gold look good by comparison. One of Casino's selling points is strong economics wherever we happen to be in the price cycle. 

[blueboron99]

JC, yes we sure do have all the bases covered! (bb-99)

[Heywood_Silvers]

$1,500 gold (USD I am assuming......I hope!!) for the PEA figures?  Are you trying to short this stock?  That is a ridiculosly low price. $1,700 has to be the BARE MINIMUM gold price if I or anyone else wants to take the new PEA seriously.

[jclarke042]

LOL. Yes heywood, I'm trying to short WRN. If you reread what I wrote: if Barrick uses 1200 gold, MOST projects become uneconomical, but we are still a good deal even then. If Barric starts using 1500 or higher, it might get ideas about other projects NOT named Casino.   

[Moneymann]

Absolute right on that , it is exactly reason that Western is not gone by now . Paul stated many times . Takeover once was so close , they did not put extra few dollars on it , they really wanted to sell . Barrick CEO is a Fox , brilliant engineer, he consolidated Nevada and Africa operations, he reached operational excellence. but his hesitation costed him copper gold mix projects . He says he

[blueboron99]

The key word here is "PATIENCE" and our Executive Chairman has lots of that trait. Our BOD's will not make a move into a partnership, or outright sale until they have turned over every stone. The message is clear! IMO, it will probably be a complete sale early in 2022, after the new PEA  economics and revised FS are completed, not sooner. Two things are a guarantee, the Majors