Western Copper and Gold Corp T.WRN

Food for thought

[Heywood_Silvers]

I took a peek at the latest WRN investor presentation and digested the page where Casino is being compared globally to other junior gold projects in terms of size.  The presentation said that Casino is the 8th largest junior-controlled gold project.  I would contend that we are effectively the 2nd largest for the following reasons:

Pebble (NAK) will likely never see the light day or if it does, the EPA will so restrict their footprint that it won't be anywhere near the potential size and smaller than Casino.  Treaty Creek is only 60% controlled by Tudor, so the portion controlled by them is less than Casino's size.  ERPM was sold off by its previous owners due to operational issues (water in the mine, etc.) which casts doubt on their viability.  KSM & Snowfield (Seabridge) and Donlin (Novagold) are controlled by companies with well over a billion dollar market cap, which in my book graduates them out of the junior sphere.  Cascabel is controlled by a junior, and does have about a 10% greater gold resource than does Casino, however, it is located in Ecuador which is a bit dicey in terms of jurisdictional risks.

There you have it, if you count true junior-controlled gold projects which don't have any sort of baggage associated with them, Casino stands atop of the heap.  We truly are one of a kind, a rare asset.

If any investor understands the future of gold and how valuable it will make us given our (arguably top slot position) pedigree, there is absolutely no way Paul or the BoD will ever entertain buyout offers for single digits.  Elephant sized deposits are VERY RARE.

Those expecting less than $10 in a buyout need to stand back and view the forest for the trees!!!

[nmpappy78]

Heywood: THANKS for the great comparative reseacrh about our juniors competition.  I previously read Marine's nice message about the surge to buy copper mines at 50% premium!  Given that, for copper alone WRN would be priced at about $17 per share when you figure a 5.5 NPV at 50% and divide it by the number of WRN shares.  Now add the gold, silver, amd moly to the formula and

[Sooner]

Crazy talk...pretty sure the 50% premium is to market cap. It didn't mean 50% of NPV at spot...and even then the NPV includes gold, moly and silver...it's not just copper.  You and hey need to get back to reality... How bout we try to get and stay above $1.95 usd a share and then try to get up to $2.5 first...then maybe you can start thinking about $6 usd....wait a minute...$6

[MetalMinded]

I've thrown my opinion in the ring several times.  I still say assets like this go for about 40-60% of NPV.  NPV is a negotiated and agreed value that will likely be somewhere between the FS and spot (future outlook has huge impact in these negotiations).  Using 60% at FS (since it's lower) and 40% at Spot (since it's higher), I get a range for price of $14B to $2.2B in