Western Copper and Gold Corp T.WRN

Potential Minto Buyer...

[jclarke042]

...has been identified, per latest update from PwC. Out of all the non-binding bids, only one was deemed "potentially viable." Can be presented to Yukon bankruptcy court (I assume) soon as April. 

I'll repeat my view that if Rio is truly interested in the Yukon, the value of offering its resources to rehab and restart the mine, in return for whatever percentage ownership, can't be understated.

https://ca.news.yahoo.com/bidder-talks-buy-yukons-abandoned-002345062.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJ6AipBzUyjG-VCGsKUA6p4QumNQMULdsIXYBDOUZa-IapLX3IVNl5u37Uny-Xl5Cet5fjQ_-qB20rxaNv9ftTvPEExg6rRrIRQABXLgcQ9YTV67Z54CHkxsgttk0z9ajBW56qOnhfSj5_M-S81UfUkcm5eWOVrr8A0QddvpkG4A

[Pinegrove1]

What would be the Casino synergies?

[jclarke042]

Pine - I couldn't say with any certainty regarding synergies, this is purely for the feels (as the kids say today). Yukon wants someone with more resources than Pembridge, given the maintenance/reclamation security required and the Selkirk FN royalty payments, among other considerations. Rio wants (hopefully) to operate the territory's flagship asset. They need assurances on the power

[EvenSteven27]

We do know Granite Creek put in a bid and we know why. GC owns everything in a straight path along the Minto Belt south of the actual mine. But unless GC had a major involved, I believe GC's bid would be rejected. It would need to be a major, or someone with a working relationship with a major. I'm sure Rio knows much more about grid progress than we do. If grid progress looks good, Rio

[IvanRo]

Rio probably not going anywhere near Minto, and probably for the same reasons that they won't pull the trigger on Casino. Minto has a Yukon grid connect. "Power is supplied to the mine site from the local power grid." however, know the Yukon grid isn't green enough for Rio... Happy to be wrong of course.