WRN - Western Copper And Gold: More Attractive After The Recent Sell-Off

• Western Copper and Gold's share price declined by more than 40% since its late May peak, making the company more attractive.
• The updated Casino project PEA envisions a 25-year mining operation with an after-tax NPV(5%) of $3.12 billion.
• The AISC is projected at -$1/lb, which means that Western Copper and Gold should become the lowest cost copper producer.
• The problem is the initial CAPEX that is estimated at $2.6 billion.
• There are no major catalysts expected in the near term, therefore, the share price should be driven mainly by the copper and gold prices.

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