Westhaven Gold (TSXV: WHN) has an extremely high grade 43-101 indicated resource of 612,000 oz gold grading 6.38 g/t gold and 3,273,000 oz silver grading 34.1 g/t silver for a total of 654,000 oz gold equivalent grading 6.81 g/t gold equivalent. This is strictly from the South Zone area of its property discovered in 2018!
This does not include WHN's recently discovered FNM Zone where the company intercepted bonanza gold grades with 23.03m of 37.24 g/t gold and 209.52 g/t silver.
This does not include WHN's recently discovered Franz Zone where the company intercepted bonanza gold grades with 12m of 39.42 g/t gold and 51.81 g/t silver.
This does not include WHN's recently discovered MIK Target Area located off the main trend where the company intercepted 3.68m of 17.61 g/t gold and 31.49 g/t silver.
It is true that WHN doesn't have a fully permitted gold project like Augusta Gold (TSX: G) that can be constructed immediately, but Franco-Nevada (FNV) only invests into companies with gold projects that it believes will one day go into production.
FNV's share price is only down because one of their largest investments was in First Quantum (TSX: FM), but FNV was right that FM's Cobre Panama Project would go into production. FM in April 2022 had achieved a long-term gain of 9,600%. WHN is one of the lowest market cap stocks that FNV has ever invested in!
The main lesson from First Quantum (TSX: FM) is: get in early and sell after 9,600% gains and don't continue to hold once a mine is in production because all of the easy gains will have already been made!
The other lesson from First Quantum (TSX: FM) is: Latin America outside of Brazil is super high risk. Gold projects in the U.S. and Canada are the safest. If the Supreme Court of Panama revokes FM's contract next month it will be a situation eerily similar to what happened in Venezuela with Rusoro Mining (TSXV: RML). We are sure that FM will sue in international tribunal court and win a $50 billion judgment against Panama!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from WHN of US$50,000 cash for a six-month marketing contract. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.