Western Copper and Gold Corp T.WRN

Current PEA will soon be worthless

[Heywood_Silvers]

What happens in a $2,500+ gold environment?  The current PEA only goes as high as $2,200.  What IS the NPV of Casino at these levels?!  This is akin to giving a blind person an outdated, 100 year old map and asking him to guide you to your destination.

The more I think about it, I don't want us to sell until it is painfully obvious that the current PEA is outdated and that our NPV is multiples higher than the laughable "headline NPV".  Focusing on a hypothetical sale of Casino today using the "headline NPV" is what gives rise to the lowered expectations of some who would be happy with scraps (i.e. single digits) per share.

[metalhead666]

Well then! Let's all just plug in $5000 gold and $50 copper since we're playing pretend! 

[jsladek]

MH, Since this is Stockhouse, it would be irrespnsible not to make outrageous projections unconstrained by reality. If I've done my math correctly, $5000 gold and $50 copper works out to  about an $86B NPV (assuming no other changes).  Not sure if it would help WRN shareholders though.  If gold is at $5000 and copper is $50, the world is probably ending, and I doubt that

[Diamondboy123]

Silver the market is a keen observer.  Like metal said.  It's patterns that mattter.  The pattern here is pitiful. 

[cb2task]

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[cb2task]

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[cb2task]

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[cb2task]

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[jsladek]

FFS, the current PEA is not outdated. They used base case (long-term estimates) and spot prices at the time the PEA was produced.  Just because some jerk on the internet somewhere says that gold is going to $10,000 per ounce doesn't place any obligation on a copmany trying to provide a useful estimate of NPV to use that value. If you make a cartesian plot of the values provided by

[metalhead666]

To you every coin has two heads.  Tell me fortune teller...what will the cap ex be in 5 years?  It will be a billion $ more than the PEA.  Of course you ignore this...ruins your dream doesn't it?  I'll bet you all my shares that the cap ex is already "out dated" by a mile