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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