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Doubleview Gold Corp V.DBG

Alternate Symbol(s):  DBLVF

Doubleview Gold Corp. is a Canada-based mineral exploration and development company based in Vancouver, British Columbia. The Company is focused on the exploration and development of high-value mineral resources, including copper, scandium, gold, silver, and other precious metals. The Company’s projects include Hat Copper-Gold Property and Red Spring Copper-Silver-Gold property. The Hat Copper-Gold Property is located 50 kilometers (km) northwest of Telegraph Creek north-western British Columbia. The Hat Copper-Gold Property is situated in the Stikine District that includes the large Galore Creek, Schaft Creek, Red Chris, and Kutcho copper deposits. The Hat Copper-Gold Property is subject to a 2% net smelter royalty (NSR). The Red Spring Copper-Silver-Gold property located approximately 120 kilometers (km) north of Smithers, British Columbia. The Red Spring property is located in the asserted traditional 27,250 square kilometers territory of the Takla First Nation.


TSXV:DBG - Post by User

Comment by jfan22on Mar 25, 2021 4:03pm
219 Views
Post# 32877493

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:How long will the halt be...?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:How long will the halt be...?I don't disagree with this opinion, but the nature of TN's issues with Hat may not be something a larger company can solve, even with good relationships. That being said, a larger company could probably progress exploration and fully define the resources/reserves.

Skeena sold GJ-Spectrum (with an Ni43-101 compliant resource estimate and PEA) for only $7.5M. The PEA showed an NPV8 of $314M in base case and upside up to $512M with higher commodity price assumptions. That project is also located (as far as I understand) in a culturally important area to the Tahltan. This implies the property's value as 1.4%-2.4% of NPV.

Its' hard to say what Hat will get in terms of value, but it is certainly at an earlier stage than GJ-Spectrum and hasn't fully defined a resource. Regardless of what it gets sold for (if that happens), previous sales of similar properties suggest it will be for a small fraction of the company's pre-halt market cap.
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