Doubleview Gold Corp (DBV)

[RamblinWreck]

New research report out on DBG.V/DBLVF:

https://www.researchfrc.com/doubleview-gold-corp-tsxv-dbg-otc-dblvf-frankfurt-1d4-intersects-longest-mineralization-to-date-on-the-property/

They arrived at a $0.98 price target (an upgrade from their previous target of $0.47 from one year ago), but they had to make some VERY conservative assumptions to arrive at a valuation that low:

- 75% discount rate applied (purely subjective, the author came up with a $3.92 per share valuation but discounts it heavily to protect his readers and cover his own ass)

- Scandium results COMPLETELY IGNORED. More on the this to come but suffice to say this is not a fair representation of the deposit.

- Only half a billion tons of the Lisle Zone were considered in the valuation (basically just what has been proven through drilling so far). However, our IP target is 4 billion tons. 8x that amount. The IP survey has been accurate at predicting mineralization on every hole the company has drilled since receiving it.

So... let me get this straight; in order to arrive at a $1 valuation for Doubleview's shares, you have to ignore the majority of the deposit, ignore the majority of the minerals, and then apply a huge subjective discount on top of that?

Yeah. I think I'll keep holding my shares at $1.