Western Copper and Gold

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ancaoli
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Re: Western Copper and Gold

Bericht door ancaoli »

Seeking Alpha vandaag:

Western Copper And Gold - Small Company With Huge Deposit
Jul. 30, 2020 10:31 AM ET|3 comments | About: Western Copper and Gold Corporation (WRN)
Malvin Spooner
Malvin Spooner
CFA, portfolio strategy, Professor, Experienced Portolio Manager
Maverick Investors Rally Site
(250 followers)
Summary
Western Copper and Gold announced updated the resource for its 100%-owned Casino project in the Yukon.

A junior miner with huge exposure to both copper and gold.

Resource continues to be open at depth.

In a Seeking Alpha article I published on February 27th, I suggested it's wise to invest in copper highlighting two names. I discussed one large company, Freeport-McMoRan (NYSE:FCX) and a small Canadian exploration company developing a large copper/gold deposit in Canada's Yukon called Western Copper and Gold (WRN). This time, I'd like to focus on the latter.


Photo by Tom Fisk from Pexels

Since I posted that article, Freeport is up a modest 11%, but Western Copper and Gold has climbed 140%.

In its first estimate since 2010, Western Copper and Gold (TSX: WRN; NYSE-AM: WRN) has updated the resource for its 100%-owned Casino project in the Yukon with more drill results, confirming that it is one of the largest copper-gold deposits in the world. (Source: Mining.com)

WRN has about 122.4 million common (fully diluted) shares outstanding for a market cap approaching 200 million $CDN. It trades on the Toronto Stock Exchange and the NYSE American in $US. Its 52-week trading range on the Canadian Exchange is $0.44 - $1.90 ($0.31 - $1.53 on the American). Of course, like any exploration company, there are no revenues or earnings to speak of, but the company has $7.4 million in cash on hand.


The project is 100% owned, and its recently announced resource estimate is based on fresh drilling the company conducted in 2019, combined with results dating back to 2010 to 2012 that were previously not available. The resource now includes reserves of 7.4 billion pounds of copper and 12.7 million ounces of gold.

Already in the permitting stage, the mine has a minimum expected life of 22 years, a net present value of US$1.83 billion, and an IRR (after-tax) of 20.1%. With estimated cash costs net of by-products (for e.g. gold and molybdenum) of US$ -0.81/lb., the company should have no trouble raising the US$2.46 billion needed to fund the capex.

With several of the world's larger mines on care and maintenance during the COVID-19 pandemic and China's rapidly improving economy (the largest consumer of copper), it is inevitable that the gold/copper price ratio will rise from its currently depressed level - improving the net present value of these reserves and the economics of this massive deposit.



Trading at a fraction of its net present value (with a significant probability that continued drilling will grow the resource and that copper prices will strengthen), this microcap has plenty of room to rise from current levels.
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Vaste Portefeuille:Recticel, WRN, Accentis, Global G, Roularta, Argenx, Agfa, Ontex, OCI, Sorrento, Inventiva







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maartenverhoeve
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Re: Western Copper and Gold

Bericht door maartenverhoeve »

Hier borrelt er iets, mooie stijging onder hoog volume vandaag. Is een overname nakend?
In port; Enwave, Ageas, Western Cop, Retail estate, RDS, kbca, roularta, Tessenderlo.,oci, Forfarmers, American airlines en veel arrowhead pharma....

ancaoli
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Re: Western Copper and Gold

Bericht door ancaoli »

maartenverhoeve schreef:
18 aug 2020 20:20
Hier borrelt er iets, mooie stijging onder hoog volume vandaag. Is een overname nakend?
T’wordt tijd. Al een paar jaar aan het wachten op die fameuze overname; hele rit meegemaakt; van 0,5 naar 2 of 3 en terug naar af. Intussen gelukkig bijgekocht rond 0,7 maar boven 2 mogen ze buiten.
Vaste Portefeuille:Recticel, WRN, Accentis, Global G, Roularta, Argenx, Agfa, Ontex, OCI, Sorrento, Inventiva

ancaoli
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Re: Western Copper and Gold

Bericht door ancaoli »

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Vaste Portefeuille:Recticel, WRN, Accentis, Global G, Roularta, Argenx, Agfa, Ontex, OCI, Sorrento, Inventiva

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maartenverhoeve
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Re: Western Copper and Gold

Bericht door maartenverhoeve »

Zou enkel het aanzetten van Archie Lang in de board of directors deze koersopstoot teweeg brengen, ik vermoed dat er meer is dat speelt. Bij mij idem, boven 2 cad gaan mijn 8000 stukjes er ook uit. Zit al jaren in aan 0,56 cad.
In port; Enwave, Ageas, Western Cop, Retail estate, RDS, kbca, roularta, Tessenderlo.,oci, Forfarmers, American airlines en veel arrowhead pharma....

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maartenverhoeve
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Re: Western Copper and Gold

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Na de mooie stijging gisteren onder volume van meer dan 500.000 stukskes gaan we dat vandaag nog overtreffen, vermoed ik! Hier broeit er iets. Wat, dat zullen we in de toekomst wel vernemen maar ik zou er niet van verschieten dat de verkoop van het casinoproject nakende is!
GLTA.
In port; Enwave, Ageas, Western Cop, Retail estate, RDS, kbca, roularta, Tessenderlo.,oci, Forfarmers, American airlines en veel arrowhead pharma....

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maartenverhoeve
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Re: Western Copper and Gold

Bericht door maartenverhoeve »

Na de mooie stijging gisteren onder volume van meer dan 500.000 stukskes gaan we dat vandaag nog overtreffen, vermoed ik! Hier broeit er iets. Wat, dat zullen we in de toekomst wel vernemen maar ik zou er niet van verschieten dat de verkoop van het casinoproject nakende is!
GLTA.
ancaoli liked last!
In port; Enwave, Ageas, Western Cop, Retail estate, RDS, kbca, roularta, Tessenderlo.,oci, Forfarmers, American airlines en veel arrowhead pharma....

ancaoli
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Re: Western Copper and Gold

Bericht door ancaoli »

TMX Group, Western Copper and Gold, C-Suite at The Open
NEWS PROVIDED BY
TMX Group Limited
Sep 10, 2020, 07:51 ET
TORONTO, Sept. 9, 2020 /CNW/ - Dr. Paul West-Sells, President & CEO, Western Copper and Gold Corporation (TSX: WRN), shares his company's story in an interview with TMX Group.

The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos visit https://www.tmxmoney.com/en/csuite.html.

Dr. Paul West-Sells, President & CEO, Western Copper and Gold Corporation (TSX: WRN), shares his company’s story.
Dr. Paul West-Sells, President & CEO, Western Copper and Gold Corporation (TSX: WRN), shares his company’s story.
Vaste Portefeuille:Recticel, WRN, Accentis, Global G, Roularta, Argenx, Agfa, Ontex, OCI, Sorrento, Inventiva

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maartenverhoeve
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Re: Western Copper and Gold

Bericht door maartenverhoeve »

Meer dan 1 miljoen stuks en op hoogste koers geëindigd, krachtig technisch signaal. Vandaag doorheen 2 cad?
In port; Enwave, Ageas, Western Cop, Retail estate, RDS, kbca, roularta, Tessenderlo.,oci, Forfarmers, American airlines en veel arrowhead pharma....

ancaoli
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Re: Western Copper and Gold

Bericht door ancaoli »

Dit nieuwsbericht had ik nog niet gezien, dateert wel al van 6 augustus
Aug 6 (Reuters) - Western Copper and Gold Corp WRN.TO : * WESTERN COPPER AND GOLD CORP FILES FOR MIXED SHELF OF UP TO C$50 MILLION – SEC FILING Source text: (https://bit.ly/3igR0Dk) Further company coverage: WRN.TO ((Reuters.Briefs@thomsonreuters.com;))
Vaste Portefeuille:Recticel, WRN, Accentis, Global G, Roularta, Argenx, Agfa, Ontex, OCI, Sorrento, Inventiva


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