Western Copper and Gold Corp T.WRN

Underwhelming

[jclarke042]

My reaction to the PEA, to last year's updated resource estimate & drilling campaign. Dale needs to come to the table now. I expected much better than US$1.85B NPV and 19.5% IRR. Nothing today will change the market's perception of Casino as a high CAPEX optionality play. Sure, good stuff under the surface but increasing recovery rates 4 percentage points won't bring people in the door. Looking at the board's mood, I get the feeling you're underwhelmed also, especially given the buildup and projections made prior to today.

I said in the beginning, this whole Update The PEA/FS exercise is simply to stall for time hoping for the right offer. Dale: if RIO makes an offer for all, I'd think long & hard about when you'll get another chance to sell this.

[metalhead666]

Well put.  That's exactly what it is now...a high cap ex opionality play.

[cb2task]

This post has been removed in accordance with Community Policy

[cb2task]

This post has been removed in accordance with Community Policy

[Diamondboy123]

Clarke I agree wholeheartedly.  It must be sold very very soon. 

[Sooner]

Totally agree Clark - disappointing. Worthless excercise on the PEA. You could look at old presentations and get very similar financial numbers. Look for 25%-50% NPV or around $500M - $1000M usd or around $4-$8 per share - let's go with $5 or maybe $6. Rio cost of capital is about 4% i believe and return on invested capital around 15%. They have $10B in cash but taking into account capex to