Opinions
Michael Giordano
Western Copper
WRN-T
HOLD
May 28, 2013
$0.700
Stock price when the opinion was issued
Mining
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
BUY
Has a gold/copper deposit in the Yukon and there was recent speculation that someone was potentially looking at this as a takeover. On Boxing Day, the stock spiked up in the US and the company indicated it was not aware of anything unusual. Because it has such a large deposit, investors are looking at it again.
Mining
COMMENT
A very large, but low grade deposit. If you like to play the leverage game, this is a play that people would make. It would be a decent capital project, but would take a while to permit. They would need to produce their own power. It doesn’t make much economic sense. It would need much higher copper and gold prices to be economic.
Mining
WAIT
It has a great management team and the Yukon is a friendly place to develop. Infrastructure is the issue. Smaller mining operations can deal with this, but lack of power and transportation are challenging. Where copper prices are, this is still too levered -- you need copper prices to go higher.
Mining
Advertising
Has the massive gold/copper Casino project in the Yukon. There was speculation earlier in the year that it would get taken over which moved the stock to over $1.50-$1.60.