Western Copper and Gold Corp T.WRN

RECENT WRN NEWS...

[nmpappy78]

The WRN announcement today regarding the Feasibility Study timeline and the hiring of a company to assist in the completion of the Permitting Document with a timeline of 2nd quarter, 2023, may be a bit disheartening for those of us eager for a sale in the near future.  But, don't be surprised if RIO makes an offer in the near future, contigent upon the approval of the permit.

In doing so, they could beat the other majors to the table and prevent a 2023 bidding war.  On the other hand, a bidding war would serve the WRN shareholders very well!

We must be patient awhile longer....

[jclarke042]

How is this disheartening? Read the NR's first paragraph again, carefully. You should see that we're preparing to move forward. Look underneath the surface as to WHO has been providing us with the most material updates/hiring moves over the last 2 months. Is what I've repeatedly posted on this board starting to sink in?  Or are we unable to process anything except inane

[nmpappy78]

I only use the word "disheartening" because some of us (like me and probably Dale, too) are in our 80's have been waiting for almost 20 years.  We would like to see a sale in the NEAR future, but we have NEVER questioned the leadership nor the process during this entire time --- like so many others have.

[Sooner]

An offer contingent upon permitting approval? that I think would be unusual in this situation....I mean what's been the point of Rio DD over the prior 10 months if they had some contingencies baked into the offer?

[nmpappy78]

I don't think they would make a multi-billion offer without some assurance that the mine will be permitted.  Without this promise, they would be placing all the bargaining power in the hands of the First Nation and could end up with nothing.  It only makes sense to me that RIO must have a clear path to mining before they dedicate any money for the sale.

[Sooner]

agree - that's why they ain't paying multi-billion IMO ---- because they are assuming some risk --- realizing they are doing their best DD derisk the project. of course we could see some agreement with milestones and add'l payments i suppose....I just don't think that's likely. They ain't been playing twiddly winks the last year getting a firm grasp on the project.... if

[GardenManman]

why? They can buy with 1.5B when FS come out, after permitting, then they can begin construction with $3B(or they will not spend the $3B). Combine the status of coffee, serveraln years of DD, and government benign the road construction. If they still have no confidence, they can wait for next year with more expensive price to takeout due to possible competitor.

[MetalMinded]

It's simple, if current management permits this before a buyout it will have been completely derisked and the price goes WAY up.  

[Pinegrove1]

I'm sure management would like to sell outright but they need a plan B. Rio needs to understand that we are prepared to move ahead with or without them. If Rio thought our only option was to sell to them we would have no bargaining strength. We need to remain strong and independent. Desperation is not a good look. 

[MetalMinded]

COMPLETELY AGREE!