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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (59909)9/26/2019 9:14:13 AM
From: Goose94Read Replies (2) of 202924
 
Western Copper and Gold (WRN-T) H.C. Wainwright analyst Heiko Ihle continues to rate Western Copper and Gold "buy." Mr. Ihle trimmed his share target to $1.75 from $2.50. Analysts on average target the shares at $2.15.

In the wake of the release of the results on Tuesday, which returned 55.1 grams per tonne gold over 2.97 metres at a depth of 147.98 metres, Mr. Ihle notes the "unique" characteristics of Casino relative to other Canadian porphyry systems. Mr. Ihle says in a note: "While typical Canadian copper-porphyry deposits often display significant glacial erosion that can remove zones of enriched copper, Casino's copper blanket remains intact.

In short, the Casino deposit contains a 100 metre thick zone hosting redeposited secondary copper, due to a sequence of historic weathering events. This in turn has generated a stratigraphically shallow area with twice the level of copper grades seen in the primary mineralization area. We believe that the copper and gold content related to porphyry mineralization provides robust economics over an extended mine life, while a secondary form of mineralization could provide a high-grade mining stage at Casino."
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