Doubleview Gold Corp. Shareholder Writeup
The article posted below was written and sent to me from a reader of the website. The writer of the article is a shareholder of Doubleview Gold and wishes to share his views on the company and it's projects, namely the Hat project in the Golden Triangle area of BC.
As shareholders of Doubleview Gold Corp we would like to share some info about a company
that we feel is a hidden gem and hasn't been discovered by the general market yet. Doubleview
Gold Corp is a Canadian resource exploration and development company located in Vancouver
British Columbia. It has 3 properties which are all located in BC. BC is a safe mining jurisdiction
and one that is in demand by Major Mining companies looking to replenish their depleting assets
(last year Rio Tinto announced it is looking for porphyry deposits in BC).
Insider ownership.
CEO/President (Farshad Shirvani) owns over 23 million shares(he said his spouse is the 2nd largest
shareholder and the CEO has publicly said his close associates own approx 30% of the shares).
The CEO has remortgaged his house multiple times (most recent one was for $500,000) to fund
the company. He truly believes in the company, has a lot of skin in the game and is extremely
dedicated to the success of this company. We don't think you will find a more dedicated junior
explorer CEO with more dedication and cares as much about the success of his company.
The new recently added director (Hugh Maddin) bought into the last private placement for
$330,000 and it was priced at approx. 50% over the market price during the time period it was
announced. He bought into it before becoming a director and since mid April he's been slowly
accumulating on the open market.
Although they have 3 properties, lets just focus on their flagship asset called the HAT Gold Copper
property. They've drilled 34 holes so far into this green field project (it had never been drilled before
Doubleview acquired it).
For those that like to do math and do thorough due diligence- current drilled dimensions of the
Lisle Zone according to the company is 650m x 920m x depth (unknown yet as it's open at depth
and there are 2 anomalies that go beyond 1.25km). Using 400m which is ULTRA conservative the
tonnage is calculated to be approx 600 million tones (used a specific gravity of 3.0). Using an
excel spreadsheet the weighted average grade was calculated for all holes drilled. When
comparing Doubleview's current drilled tonnage and weighted average grade against some of
BC's porphyry deposits currently being mined (Gibralter, Mt Milligan, Red Chris, Copper
Mountain, Highland Valley, etc) Doubleview currently has more tonnage and better average
grades than some deposits in operation! Keep in mind that this is comparing fully defined
deposits which include their best grades and Doubleview has only drilled a small fraction of the
foot print and hasn't even explored the remainder of the property yet! What is extremely
promising is their 1st drill campaign with the deep IP in hand (late 2019) they drilled their
strongest mineralization so we're excited about the next drill campaign.
Looking at the deep IP footprint (below) look at what the drilled Lisle Zone of 650m x 920m
represents (it's labelled on the IP pic below) on this enormous foot print (look at the dimensions
of the IP foot print 3.7km x 2.7km x depth of over 1.25km in 2 locations). The validity of an IP
always needs to be confirmed to ensure it's valid and Doubleview has tested that it's valid so this
should all be mineralized. If Doubleview has more tonnage so far and higher grades that some
deposits currently being mined then this indicates the likely hood the deposit will be wanted by
Major mining companies. As they continue to drill the tonnage will increase thus the amount of
gold, copper, silver, cobalt and palladium will increase. They have 2 bodies of water immediate
by the property (a stream that fills them) and it's not located in a rugged place so these should
not be show stoppers in building an open pit (unfortunately there are great deposits that will
never get mined because they're in bad locations and don't have the required necessities to
operate). Also note that prior to Hudbay Minerals signing a joint venture agreement with
Doubleview they would have done extensive due diligence before committing time and money
to the project.
Major mining companies are on the hunt for large porphyry deposits and they need to replenish
their depleting assets. This IP foot print is said to be possibly the biggest in North America! Major
mining companies look for large scale projects that have very long mine life to make it worth
their while. Unfortunately for these Majors there are not many projects that fit the large
scale/long mine life criteria and luckily for Doubleview they have something that has one of the
largest IP footprints in North America so you can bet they're watching closely how this story unfolds. At what point will a Major make a move is anyone's guess but with every hole drilled
we think it's getting closer and closer.
What is also important to note is the Deep IP study which was done by Hudbay Minerals was only
for the main focus area of the property (Lisle Zone and its surrounds). Following the deep IP,
word is they wanted to do the area north of the deep IP surveyed area because they suspected
they would find more there too. The footprint they discovered is possibly the biggest in North
America so add the fact there might be more mineralization is mind boggling! If you look at the
IP foot print the east and west show that there is more of it as it due to it being cut off and not
included in the expensive area survey (it is said that this cost Hudbay approx. $1.2 million to do).
If you're asking about Hudbay and the reason it no longer has a joint venture on the property
with such scale and potential it has nothing to do with them not being impressed and walking
away. It was assumed that they unwilling had to cater to something else because they really
were impressed and excited about the project and was setting it up for years to come (upgraded
the camp, worked closely with locale First Nation tribe, was looking to hire people, etc). Their
prized deposit in Arizona is going into a big legal battle and all capital and efforts are focused on
this: See link azcentral.com
Recent assays released 12 May 2020:
Doubleview Drills Strongest Mineralization Discovered so far at Hat Property including 258
meters of 0.31 g/t Gold and 0.47% Copper (1% Cu Eq) in an interval of 450 meters of 0.23 g/t
Gold and 0.35% Copper (0.7% Cu Eq). See News Release
If anyone is interested in Doubleview Gold there is an excellent telegram group for shareholders
and we have the CEO in the group. He readily answers shareholder's questions if he can talk
about it so one doesn't have to all individually call the company to ask questions and we all
benefit from the answered questions others ask if he can legally answer it. If interested in joining
the group please let your point of contact know and we will give you the link to the private
chat. We share due diligence on Doubleview and discuss things related to it. We also have a ex
Freeport geologist/geotechnical engineer that worked at the Grasberg Mine that posts in the
group. He is a shareholder and has provided us with his comments about the potential of the
project and about IP foot print. He is extremely excited about the potential of the property and
its future. Grassberg is the largest gold mine and 2nd largest copper mine in the world.
The company has stated they want to resume drilling ASAP. After the last assays on 12 May they
received a lot of interest from Major mining companies. The float (what's most likely going to be traded) is relatively low and most of the shares are in
strong hands that are all believers of a buyout so they're holding for it to happen. The CEO holds
almost 24 million shares, our telegram group hold collectively approx 15 million shares (not
including the CEO), Latimer (see below) has been accumulating since summer of 2017 and is
constantly on the bid and has been almost buying daily owns approx 10.7 million shares and the
CEO's spouse is the 2nd biggest shareholder (no idea how many shares). The CEO said that with
just a few phone calls he can account for over 50% of the shares so if a low ball offer occurs it can
easily be rejected if the major shareholders that are close to the CEO vote against the offer.
To compare Doubleview's tonnage (approx. 600 million tons based on the drilled Lisle dimension
which is just a small fraction of the foot print and using just 400m depth which is way too
conservative but it's better to underestimate than overestimate).
Based on the current tonnage (drilled Lisle Zone), the grades being similar to other BC porphyry
deposits in operation, the foot print being one of the biggest in North America (3.7 km x 2.7 km),
the potential of the property (the IP footprint was only done on a part of the property and there
could be more mineralization elsewhere), the low tradable float, the company's goal of
aggressively drilling it to take it to a buyout, the location (BC) and the increased interest by Major
mining companies we feel this is an extremely undervalued company (stock price as of 20 May is
.11) that holds multiple dollars of upside if it gets bought out. Please do your own due diligence.
Disclosure- This information was not sponsored in any way by Doubleview Gold Corp. This report
contains opinions of shareholders and as shareholders they're biased. This was created
anonymously by a shareholder to spread the untold story of Doubleview Gold Corp to their
investment contacts and was specifically made for the current shareholders in the Doubleview
Telegram chat group (created by shareholders) to use to send to their contacts to get them
acquainted with the company because they feel it's a great investment opportunity. As
shareholders we are biased and have done extensive due diligence. We believe Doubleview is a rare opportunity right now and the timing of this couldn't be better due to the resource bull
market!
If interested please take a look at Doubleview and do your due diligence. If not interested in it
right now it's recommended you keep it on your watch list in case you change you mind after the
right news. Also, if interested in the Doubleview private telegram group just ask your point of
contact for the link. This is not investment advice and although a lot of facts were taken from
reliable sources nobody is responsible for any errors, typos or mistakes in this article. Invest at
your own risk and there are no guarantees that Doubleview Gold Corp will succeed. Please
consult investment advice through a certified financial planner.
Additional Information
Tahltan Industry Review / Hudbay Minerals Information Here
Nice write up about the last assays in Resource World Magazine.
Article Here
Link to the company presentation: Latest Presentation
Drill results: View Drill Results Here
Lawrence Roulston research report on Doubleview from 2017 (20 page report) Report Link Here
Link to join the Doubleview Gold shareholder Telegram chat group (CEO is part of the group) Joinchat
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