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  5. WRN: May I please have your comments on this company. [Western Copper and Gold Corporation]
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Investment Q&A

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Q: May I please have your comments on this company. Is it worth investing some money in this small company? Thank you for your great service.

Stella
Asked by Stella on October 02, 2024
5i Research Answer:

WRN is a developing copper company. As such, it has no current revenue, losses and negative cash flow. It has $78M cash and market cap is $327M. It is developing the Yukon copper-gold-moly project in the Yukon, going through environmental and permitting hurdles. It is a solid greenfield project, but it is not close to buidling/production yet. We would consider it OK for investors looking for a small cap developer, but there are plenty of risks here still. Management is decent and insiders own 5.5%.