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Westhaven Gold Corp V.WHN

Alternate Symbol(s):  WTHVF

Westhaven Gold Corp. is a Canada-based gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge Gold Belt. The Company controls approximately 60,950 hectares with four gold properties spread along this underexplored belt. Its projects include Shovelnose Gold, Prospect Valley Gold, Skoonka Creek Gold and Skoonka North. The Shovelnose gold property consists of approximately 45 contiguous mineral claims encompassing 41,623 hectares (ha). The Prospect Valley (PV) Gold Property is located roughly 30 kilometers to the west of Merritt, British Columbia and is situated in the Spences Bridge Gold Belt (SBGB) and covers approximately 10,927 ha. The Company owns a 100% interest in the Skoonka Creek project, which is situated near the northern end of the SBGB. The Skoonka North Property consists of three contiguous mineral claims encompassing approximately 6,167 hectares wholly owned by the Company.


TSXV:WHN - Post by User

Comment by DeadMoney69on Mar 05, 2021 5:57pm
214 Views
Post# 32734375

RE:RE:Not a SH (yet),.would someone please explain this 'comment':

RE:RE:Not a SH (yet),.would someone please explain this 'comment':

I watched the Interview with Gareth back in October/November. A few things I took away from it...

- Financing was pre planned to be done in January and they had already planned to raise enough for the entire year. It's more of a hedge play attempting to raise more when most lenders would only offer less SP for so much, however they now have an entire year to make it up to everyone. 

- JV/Buyout was discussed but he did pivot more as a few years away and not imminent.

The real unresolved item imo is the dozen or so Assays that have been at the lab for some time now. It's either financing was contingent on current pricing so they did not want to release any potential possitive or negative news. Also it's not crazy to think maybe funds were light and they wanted to wait until they had some money in the bank. Lastly and hopefully not the case, maybe the results weren't favorable and they are delaying release.

Here's to hoping it's all possitive! 

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