Joe MazumdarWesthaven Ventures Inc.WHN.VBUYMar 02, 2020
This was part of the old gold rush. They were drilling a North-South structure and now they are drilling North West and they hit a high grade vein which is now delineated. Now they have to find more. This is a safe jurisdiction with good infrastructure.
Existing deposit is fairly small. What he likes about the company is that Dundee and Jonathan Goodman are getting involved -- known for having unusually good taste in terms of projects that can be grown through exploration. With the correct news flow, he could see himself as a shareholder.
Great managers. Have a gold discovery in BC. It's high-risk, high-reward. They got nice financing before the current market rout. It's a good speculation, but not for long-term investors.
He owns this one for the interest in other prospective plays in the area. They just released results that were not that impressive, but he hopes they will find multiple positive structures. They are in BC. They have money and will continue to be able to be funded.