Western Copper and Gold Corp T.WRN

Math...Am I too simple-minded here?

[EvenSteven27]

casino 1.43 billion t reserves and growing 
trq 4.4 billion t reserves (fully explored) 

trq is currently 2.9 times larger 
trq is offered 43 per share 
that puts us at 14.30 conservative

where am i so wrong?

[jclarke042]

You know the answers. Elaborate for us. We have very little else to talk about the the next 51 weeks.  Just include NAVs (or revenue in TRQs case) and market caps. Dollars per share is a useless comparison metric.

[Sooner]

As usual - I agree with Clark best if someone has NPV of TRQ share of OT and compare that to NPV of Casino. Then use the $3.3B that Rio is paying for TRQ. i didn't have the NPV of future cash flows projected on TRQ. However , I think I recall they have something around $500B usd of metal reserves at spot. I think Casino about $100B...so OT about 5 Casinos. Take 1/3 of that as the TRQ

[Pinegrove1]

51 weeks??  I'd suggest we have somewhere between Monday and 51 weeks. Nothing to suggest that they will take the year. DD is pretty much done. It's time for next steps. I wouldn't even consider a drill program next summer. Just wastes money and gives Rio an excuse to delay. Rio is 30 months into their evaluation. Time to sh#t or get off the pot!  Be nice to get some

[EvenSteven27]

Clarke and sooner i can now see where you are coming with mc and nav. ot was really fast tracked. discovered 2001, fully explored, producing mine in less than two decades. guess that's the weight of the robert friedland name and later investments by rio. casino was discovered in 1910. perhaps investors have lost interest . onus on paul to raise mc. believe he can do it. give a range: 9 low if

[Sooner]

OT 2020 FS had $10B usd NPV at $3 copper. At current spot more like $15B realizing probably lots of inflation in capex...so let's assume $13B or $4.3B usd Or $5.8B cad. So they offered $3.3B/$5.8B = 57% NPV. So that would be right at $1B usd for casino or right at $6 usd... where have I seen that $6 usd before??? I seem to recall it somewhere before but it's been a long time...

[MetalMinded]

They offered that for 49% of half.  Govt owns half.  Rio is buying 49% of half. 

[Sooner]

pretty sure govt owns 1/3 and TRQ owns 2/3...of which Rio owns 1/2 of TRQ so it's 1/3, 1/3, 1/3 Mongolia, Rio, TRQ. They offered $3.3B cad for TRQ share (1/3).

[Marine2]

When will the other shoe drop ? There will be another PP,, for how much, ($25M) ? and what for ? New Issue SHORT FORM BASE SHELF PROSPECTUS WESTERN COPPER AND GOLD CORPORATION C$25,000,000 COMMON SHARES WARRANTS SUBSCRIPTION RECEIPTS UNITS November 18, 2022 This short form base shelf prospectus (this “Prospectus

[yureja42]

This post has been removed in accordance with Community Policy

[MetalMinded]

You are correct, my mistake Sooner.  Mongolia owns 34%. So Rio is essentially buying 1/3 of the asset they don't own but can buy.