Western Copper Holdings - WTC.T Message Board

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Gold/Mining/Energy : Western Copper Holdings - WTC.T

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From: John Sladek	5/29/2021 12:45:04 PM
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Interesting history: westerncopperandgold.com 1984 - Western Copper Holdings Ltd. established 1996 Merged with Thermal Exploration Ltd. to consolidate ownership of the Carmacks Copper Project other assets spun out toPacific Cascade Resources Corp. 2003 - Western Copper Holdings Ltd. changed its name to Western Silver Corporation2006 (October) - Glamis Gold completed purchase of Western Silver Corporation ($1.1B) and spun off a separate company named Western Copper Corporation (which retained the rights to the Carmacks). Glamis was later taken over by Goldcorp which later merged with Newmont Mining. 2006 (November) bought (for shares) Lumina Resources Corporation (“Lumina”) which owned Casino, Yukon Territory; the Island Copper Project (Hushamu), British Columbia; and Redstone, Northwest Territories. 2011 Spun out two companies: Copper North (Carmacks), Northisle Copper (Hushamu), and retained Casino. Northisle Copper (NCX.V) filed a PEA in march and just completed 2021 drilling program. PEA shows NPV of 1.0B with IRR of 19%. Market cap of NCX is around $50M. Copper North was taken over by Granite Creek Copper (GCX) in November 2020. GCX is continuing to advance the Carmacks property. Market cap of GCX is $30M. Carmacks has a decent-looking PEA from 2017 which will need to be updated. A couple of weeks ago, Western Copper and Gold (WRN) got Rio Tinto as a strategic partner on the Casino deposit. Unless something goes seriously south, this will be some sort of a takeover play. There is a positive PEA on this property, but the capital costs are $2.2B, so this has always been a property looking for a deal. WRN has added to the property since the PEA, and the deposit will be expanded (e.g., maybe something similar to Penasquito where Glamis doubled the size after purchasing it). I think that this could be a very big deal, possibly bigger than the Glamis deal. Can lightning strike twice?

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