Western Copper and Gold Corp T.WRN

HC Wainwright

[Sooner]

Has $4 usd target on WRN. Didn't Paul make a comment about the fact that this target didn't even take into account Rio involvement?

Selling below $4 usd...not realistic...but $6 usd ?? Yep...you heard it from Sooner!

[Marine2]

Sooner, You have everyone bugged here, how about bumping that forecast up to $8.00 CDN. LOL Copper may be $5.50LB gold $1,900 by June ? M2  

[Sooner]

Wow! You want me to change from $6 usd to $6.4 usd ?? No...can't do it....but I think you got a new tag line.... $6.4 usd /share... you heard it first from the One and Only Boot stomping on his enemies heads Marine!!!!

[Arrowhead77]

Sooner and Marine Theoretically we could split the diffrence and go with $6.20 USD but still think we should stay with $6.00 for now.--- Others here have considerably higher stock price targets and I certainly hope something higher materializes. I think it would have been better if Paul had not said anything about a negotiated price with RIO-- Very bad move IMO--it raised more questions than

[AZlivin]

Wainwright has had WRN forecast for nearly double their price for the past couple years. I don't even pay attention to them anymore.

[Sooner]

Yeah - my point was that Paul seemed to imply this target of $4 usd didn't even take into account Rio - so there seems slim chance he would agree to anything less than $4 usd...let alone $3 usd....

[Sooner]

About a year old but good read. Interesting point on Gold X - sold for $250M usd - with 7M oz gold. We have about 4 x that - and above and beyond that - other factors should give us premium to that. So we have 4 x resource = $1B. also of note in article - typical is $50 per gold oz....that would be $1.5B. Reminder - didn't Newmont acquisition value GT Gold at $361M usd or about $35 

[Heywood_Silvers]

Sooner, I was part of that Gold X buyout and have kept most of my new GCM shares.  I was mildly disappointed that no bidding war ensued for the Toroparu project, however, GCM had the inside track on that acquisition the minute they became a "control person" of Gold X with 20% ownership of the company. How does that relate to WRN?  Well, the reason why the RIO deal capped them

[Sooner]

Hey usung the absolute worst ( for WRN) comp to that acquisition appears that it we be WRN at a 2.5 multiple valuation . PEA on that mine about $800M usd vs our $2B ( I rounded up because they 5% and we used 8% discount so that should add $0.5B to us...but they used slightly lower metal prices) . Anyway this should be close ...2.5 times. that would be $750M. Seems article implies $23 enterprise

[Heywood_Silvers]

Sure Sooner, here is my synopsis on Gold X from my perspective and how maybe it correleates to WRN: Years ago the Toroparu project (10 mm oz gold resource currently) was controlled by Sandspring Resources.  Sandspring was, at the heights of the last bull a $3 stock.  It bought out PNO Resources around 2016 and completed a concurrent 1:3 reverse split.  OK, so I thought now the

[Sooner]

Hey - thanks. I was also looking for a comparison between the Casino asset and the Toroparo asset. Grades, pea, capex, NPV, geo politics, payback, risk of permitting, etc. to me it looks like casino value anywhere from 2.5-5 times toroparo - not even taking into account geopolitical. What say u? Only strike against casino is large capex but what do u expect for $100B in metal extraction at

[Heywood_Silvers]

Hi Sooner, I grossed up Casino into a gold ounce equivalent and then compared it to Gold X's gold ounce equivalent.  Casino's resource is aobut 5.8 times that of Toroparu and the capex is also about 5.8 times the size.  All things being equal (sans the copper/moly) the projects would be very similar if on the same scale.  Both projects would be considered lower grade

[Sooner]

Thanks Hey we come to pretty much same numbers - although IRR much better with Toraporo and they have better NPV and 2 year payback.  For sure casino resource about 6 times and Free cash flow about 6 times.  seems there NPV about $800m at 5% with slightly lower metal prices in assumption....so we are more like 3 times on that if apples to apples. article I posted implied not

[Marine2]

Now that's more like it, "casino should be $700M - $1.5B range" Future gold price over $2,000 US today ! Gold (COMEX: GCM26)  $2,007.5s +28.4 (+1.43%) M2 

[Marine2]

Heywood, I'am with you "It almost seems as if the share price is irrelevant" I don't believe the phoney market applies relevant value on Western Copper's share price, it's more like a casino game. IMO  For what it's worth (from the penut gallery) lets go with $6 to $10 US,, anyone listen to John Kasier's Pod Cast ? Copper is king, Copper / Gold, the best

[Diamondboy123]

Your all wrong.  The share price is not the only barometer of value but it is the greatest reflection of value.  Warren buffet.  Anyone hear of him?  As an aside, that maxim in fairness carries less weight when applied to an exploration company making no money caught in a commodity boom.  Nevertheless, it's very relevant.  Don't be foolish chappies.  

[Pinegrove1]

I'd agree with you wholeheartedly if it weren't for the fact that the share price is trashed through naked short selling, day traders and algorithms running. The 80% of shares that are held by strong hands are looking at the value of the project and not the manipulated share price. I do agree that share price is relative for large cap, non resource stocks, not so much WRN. 

[Marine2]

Pinegrove You said it, ""I do agree that share price is relative for large cap, non resource stocks, not so much WRN." Resource stocks are in a category of their own !  The juniour companies and TSX have deteriorated as fair price discovery mechanism for many years.  M2

[Diamondboy123]

Your wrong. If there was true value funds would be all over this.  The reality is that you are all failing to allocate proper risk weighting to this equity.  I own a lot of western.  I do so accepting the clear risk this equity bears. That is the reason I sold a fifth of my holding this past week.  

[Diamondboy123]

As a follow up I do appreciate all the pumping of westerns positive attributes and the relative silence of this board to the clear inherent risks associated with same. As a primarily long position actor the sentiment is appreciated.  

[Sooner]

Of course risks - if not heywood would have sold all his GCM shares and plowed it all into WRN- if it was a slam dunk minimum of a triple over the next 12 months...and I would sell everything I own and do likewise!!!! I do think though it's hard to imagine any scenario of less than a triple....but we could have scenario of unreasonable bod thinking it's worth $10 usd....but Rio only one