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
Stella
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%.