Resource Sector Digest: Yukon Casino Yields 20%

Alleged inability to organize a chook raffle will be mentioned in this week's
Resource Sector Digest.
(Vol. 107 - September 25, 2017)
Brought to you by Itinerant and The Investment Doctor.
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Setting The Scene A couple of weeks ago, while discussing McEwen Ming's (MUX) recent PEA on the Los Azules project, and also Bear Creek's (OTCPK: BCEKF) latest study on the Corani project The Investment Doctor quipped on the Itinerant Musings chat board:

And as if on cue, last week's news release by Western Gold and Copper (WRN) delivered another instance seemingly confirming the good Doctor's observation. In this particular case the company delivered an update on the Casino project up in the Yukon, including a "Pricing Review" of the 2013 feasibility study of this open pit bulk mining project. And lo and behold, the review confirmed the feasibility study's base case after-tax IRR of 20.1%.
Apparently this confirmation was arrived at using current commodity prices. And that's a claim worth taking note of, as the original FS used price assumptions of $3/lb copper; $1,400/oz gold -- that's considerably higher than current metal prices of... Read more