Western Copper and Gold Corp T.WRN

Nice article

[Sooner]

https://kingworldnews.com/alert-gold-production-collapse-will-help-fuel-skyrocketing-gold-silver-prices/
 

Interesting- Newmont gold production flat over prior 10+ years and gold reserves down 24%???

[Heywood_Silvers]

See, you're catching onto what I've been saying:  RIO wants us, but Newmont NEEDS us!! Taint no secret that one of the NDAs has NEM's name all over it.

[Sooner]

Well we can assume one of the CA is with Newmont but until something is actually made known in a PR...it's meaningless to the market. I really struggle to understand why they don't pull trigger on an 8% stake like Rio.  so a stupid question- assuming Newmont has a CA signed and overlaps with Rio....but Rio is reviewing all met work and deep drill results ...then Newmont doesn'

[jclarke042]

Again, it begs the question: why do we keep assuming NEM even wants that deal? Remember, we wanted Rio to take the whole thing (if not most). Rio balked, so we came up with this arrangement, which most of us thought would be over by now! 8% is not alot, considering the nature of our share structure. 8% with terms similar to Rio (including the associated timelines) is: - Not enough to

[jclarke042]

Then Barrick gets their 8% at no premium, 3 years on to that. Then BHP gets 8% and 3 years. Next AEM wants a piece, so we issue 10's millions of shares to acquire WGO. Add all those shares, overages for options, flow-through raises.  Shovel ready - $2.33b Price tag, 388m shares outstanding - $6 share!!!

[GardenManman]

Why involve NEM? Rio already  in, if Rio allow other majors in. That means Rio don't hurry up even Rio lose some interest in short term. 

[GardenManman]

Yeah. Some guys want more majors in and bidding war happen. But does rio is stupid and allow bidding war happen and pay more money to takeover? I can't  understand  this logic from Rio side.

[Asdfghjk]

Dare I say a Joint venture? I cannot imagine any other outcome. If there is a bidding war it won't matter who gets it as it will be us shareholders who win. GLTA

[Sooner]

Firstly, I could care less who ends up acquiring the asset. I only care about maximizing shareholder return...so I'll put that out up front. secondly, I'm making the large assumption that if only one known buyer interested...then we won't get competitive bid. I realize that is probably wrong and we don't need another 8% partner to do that...perhaps once the initial offer from

[Marine2]

Sonner I would think that once the met work and drill results are out shortly then after an offer from Rio will start the bidding. I think with Rio having all this time to view these results they will come out with their best offer. IMO Paul has let it be known that ca's have been singed by other interested parties,,, the game for buying out WRN has already been started. I think Q1 will be

[Sooner]

Marine - sorry I don't share your opinion on Rio...I think they will not come out with the initial offer bring their best. If TRQ taught us anything ...it is that Rio will only get to their best offer if forced to.  so what would force them to get to their final bid? In TRQ situation it was shareholders clearly not on board with initial couple offers. For us...I believe it will have

[Sooner]

By the way, we wanted Rio to take the whole thing at the onset but they balked...probably because miles apart on what each party believed fair price....

[MetalMinded]

I am sure the mile wide gap is what caused RIO to want the extra DD to see if they believed that they would even begin to cross that gap.  It's clear they know enough to say they are willing to come across that gap and meet somewhere, likely at least a half mile, north of what their initial offer would have been.  

[Sooner]

Yeah - but what would fit very nicely in Newmont reserves dropping by 24% over prior 10 years would be an asset like Casino...which feel free to confirm but I think would fill that 24% gap. What are you waiting for Mr Palmer...