Westhaven Gold PEA: Small Mining Projects See Massive Value Surge
The insane rise in the price of gold is starting to have a major impact on projects coming down the pipe. Projects that are deemed to be small in size are now starting to see massive net present values assigned to them.
Because well, despite the rise in gold, the cost to extract that gold hasn’t risen much at all over the last year. With the global economy going down the drain that might be about to change, but for right now, developers appear to be in a bit of a sweet spot.
A prime example of that is Westhaven Gold (TSXV: WHN), who last Thursday filed the technical report for an updated PEA conducted on their Shovelnose Gold project in BC.
Let’s dive in.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
