Pennies On The Dollar
Western Copper’s Yukon Gold-Copper Project is Seriously Undervalued
By Kevin Michael Grace and Ted Niles
Western Copper and Gold’s TSX:WRN Yukon Casino project has the goods: proven and probable resources of 4.5 billion pounds copper, 8.3 million ounces gold, 60.6 million ounces silver and 494 million pounds molybdenum. But Western has a problem. “It’s the market,” says President/COO Paul West-Sells. “If you think about it, were trading at one-tenth of the value of our asset.”
Acquired by Western in 2006, Casino comprises 13,124 hectares located 380 kilometres northwest of Whitehorse and 560 kilometres northwest of Skagway, Alaska. It is, West-Sells says, “a very, very large porphyry deposit: 2.7 billion tonnes of ore. Interestingly, it is a weathered porphyry, so it has a supergene in the cap and a hypergene in the delineation. So this is different than deposits you see in British Columbia and a bit more similar to what you see in Arizona and Chile.”
Read more of this article on undervalued gold and copper. |
