Why did WRN's EPS remain stagnant in Q3 2023?

The EPS of Western Copper and Gold (WRN) remained stagnant in Q3 2023 due to a combination of factors: 1. **Company's Exploration Stage**: WRN is an exploration-stage company, meaning it is in the early stages of developing its mineral properties. During this stage, companies typically do not generate significant revenue, and their focus is on exploration and resource definition. 2. **Investment in Future Growth**: The company has been actively investing in future growth, as evidenced by the increased cash burn rate. This investment includes drilling programs and infrastructure development, which can temporarily offset any potential gains. In conclusion, the EPS of WRN in Q3 2023 remained stagnant due to the company's exploration stage and its active investment in future growth. These factors are common in the mining and exploration sector, where companies often incur costs before realizing revenue from their projects.