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Discovery Ventures Inc. (TSXV:DVN)

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Last Post: 11/27/2015 1:18:36 PM - Followers: 0 - Board type: Free - Posts Today: 0
Discovery Ventures Inc. (TSX-V: DVN) (OTCQX: DTVMF) (Frankfurt: 0DV) this Q4-2015 acquired 100% ownership of the Max Mill & Mine located in the Revelstoke mining division of British Columbia, Canada, and is aiming to pour its first Gold dore bar before the end of the summer-2016. Ore for the mill will be mined from its high-grade Willa Gold Project located ~135 km south. By combining these two assets, the Max Mill and the Willa deposit (collectively referred to as 'The WillaMAX Project'), together form a turnkey operation that positions DVN.V to be cash flowing within 9 months following the receipt of its initial 10,000 tonne bulk permit (On November 5, 2015 DVN.V announced it has been granted the bulk sample permit). This Q4-2015 Discovery acquired 100%-ownership of the Max Mill for a fraction of replacement value along with acquiring a loss-carry-forward windfall on the books of ~$50 million. The Company is fully financed through till its commencement of operations, at which time it is expected to generate sustained cash flow pouring Gold. The 2012-Preliminary Economic Assessment ('PEA') revealed robust economics with cash costs of US$680/oz Gold, even lower with Cu & Ag credits. An updated PEA is in the process of being commissioned. DVN.V is expected to cash flow between $20M to $30M per year for the first 4 years.

Company website:
Recent mining journal article:
Sedar filings:
  • 1D
  • 1M
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  • 3M
  • 6M
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#1   Discovery acquires 100%-ownership of Max Mill for fraction talius 11/27/15 01:18:36 PM