Doubleview Gold
The Hat Project — A Rare World-Class Copper-Gold Deposit Not Yet Controlled by a Major Mining Company and a Strategic Acquisition Target
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On March 2, 2026, Doubleview Gold released its first long-awaited preliminary economic assessment (PEA).
Bottom Line Up Front (BLUF): Doubleview Gold is the most desirable, most attractive, world-class strategic porphyry deposit in the world that is not owned by a major mining company and will likely be bought out at a rare strategic NPV multiplier.
Doubleview Gold
Hat Project NPV
Doubleview Gold
Polymetallic Deposit
Doubleview Gold
Resource Categories
Doubleview Gold
Grade Consistency
Grade Consistency Comparison
The Kerr‑Sulphurets‑Mitchell (KSM) Project, which is also located in the Golden Triangle, BC, like Doubleview Gold’s Hat project, is one of the largest undeveloped mining deposits on Earth, especially for gold‑copper systems.
Calculations Using Resource Categories
Since Doubleview Gold’s grades are consistent in all categories and drilling can move from inferred to measured or indicated, all categories will be used for NPV calculations.
Although comparing NPV values between less advanced projects and the most advanced projects isn’t as accurate as comparing ones at the same stage of development, it does give excellent details about a project. This is why this report will be comparing Doubleview Gold with the most advanced projects similar to it as well as other peers at PEA stages.
For consistency, all AI-derived calculations in this report were made using all resource categories. Keep in mind that projects with much lower inferred grades, which might not be economic, are included. Luckily, in Doubleview Gold’s case, the Hat project’s grades are very consistent even in the lowest confidence category.
All calculations using spot metal prices used prices on 08 March, 2026.
Doubleview Gold
Economics
SPOILER ALERT: Doubleview Gold’s Hat project is the 8th highest after-tax NPV 5% non-producing porphyry (copper-gold) deposit in the world (includes all resource categories at spot prices).
Importance of Copper
“Even without factoring in the green energy transition or the dreams of AI centers, the historical supply deficit is alarming. “To maintain our current lifestyle, to keep the world going exactly as it has been going, we need to mine another 700 million metric tons in the next 18 years,” Friedland said. To put that massive figure into perspective, that is the exact same amount of copper humanity has mined in the 10,000 years since coming out of the caves.” – Robert Friedland, mining entrepreneur (link: Business Today, 2026)
Importance of Porphyry Deposits
Doubleview Gold
Porphyry Deposit
Although the majority of the metals that Doubleview Gold’s Hat project contains are critical metals (copper, cobalt, and scandium), the deposit is a true porphyry deposit with 88% of annual production revenue using metal spot prices coming from copper and gold.
The copper-gold aspect of a porphyry deposit is important because it’s what most of the potential buyers are primarily focusing on. The presence of critical minerals like cobalt and scandium is rare in a porphyry deposit, which enhances the desirability of this particular deposit, especially since it is in the most desirable jurisdiction to advance a deposit containing critical minerals to production.
North America
Largest Porphyry Deposits
SPOILER ALERT: Doubleview Gold’s Hat project is the 7th largest non-producing porphyry deposit in North America, ranked by total tonnage (includes all resource categories)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 3rd largest non-producing porphyry deposit in North America, ranked by after-tax NPV 5% (includes all resource categories at spot prices)!
World
Largest Porphyry Deposits
SPOILER ALERT: Doubleview Gold’s Hat project is the 11th largest non-producing porphyry deposit in the world, ranked by total resource tonnage (includes all resource categories)!
Highest After Tax NPV 5% Non-Producing
Porphyry Deposits in the World
SPOILER ALERT: Doubleview Gold’s Hat project is the 8th highest after-tax NPV 5% non-producing porphyry deposit in the world, ranked by NPV (includes all resource categories at spot prices)!
Doubleview Gold
Gold Content
Canada
SPOILER ALERT: Doubleview Gold’s Hat project is the 8th largest gold containing deposits in Canada (non-producing & producing), ranked by contained gold!
SPOILER ALERT: Doubleview Gold’s Hat project is the 2nd largest gold containing deposit (non-producing & producing), ranked by after-tax NPV 5% (includes all resource categories & spot prices)!
Importance of Scandium
Doubleview Gold
Scandium
Doubleview Gold
Scandium Low Value in PEA
The consensus is that the engineers were excessively conservative regarding certain variables, resulting in severely underestimating scandium’s contribution to the deposit’s economics.
Although only 12.5% of the scandium in the NI 43-101 Mineral Resource Estimate (MRE) was accounted for in the PEA, I believe that a proof of concept with a pilot plant is necessary for engineers to accurately assess the value that scandium can provide. Once that occurs, it is expected that scandium will significantly increase the deposit’s economics.
In a recent video, Doubleview Gold’s CEO said it has already procured equipment and land to do a pilot plant.
World's Largest Scandium Deposit
SPOILER ALERT: Doubleview Gold’s Hat project is the 1st largest non-producing scandium containing deposit in the world , ranked by scandium metal potential, includes all resource categories)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 3rd lowest-cost scandium non-producer in the world, ranked by operating cost!
Note: The operating cost is slightly different on some examples, as some calculations were performed on different days using a different exchange rate.
Most Appealing Non-Producing Scandium Deposits
SPOILER ALERT: Doubleview Gold’s Hat project is the most appealing scandium deposit to a major mining company, ranked by strategic attractiveness!
Importance of Cobalt
Doubleview Gold
Cobalt
North America
Cobalt
Although porphyry deposits that contain cobalt are rare, how does Doubleview Gold’s porphyry deposit, which contains the 2nd largest source of it North America, stack against the highest sources of it in North America?
SPOILER ALERT: Doubleview Gold’s Hat project is the 6th largest non-producing cobalt containing deposit in North America, ranked by contained cobalt!
SPOILER ALERT: Doubleview Gold’s Hat project is the lowest estimated operating cost in North America, ranked by lowest estimated operating cost!
Doubleview Gold
Resource Expansion Potential
The drill defined Lisle Zone that makes up the resource estimate in the MRE currently has a drilled dimension of 1.6 km x 1.6 km.
The massive 3D-IP, which has returned mineralization in every hole drilled into it, measures 3.7 km x 2.7 km.
Due to the massive size of the 3D-IP chargeability target, the ~1.1 billion tonnes contained in the MRE, which is used in the PEA to calculate the potential economics of the project, may represent only a minor fraction of the potential tonnage the deposit contains.
The MRE and the PEA were done with only 97 drills (total of 108 holes have been drilled)
More advanced large porphyry deposits similar to Doublview Gold’s Hat project have over 1000 holes drilled!
As Doubleview Gold continues to drill the deposit, which remains open in all directions, the tonnage will continue to increase!
It is also important to note that the 3D-IP was only done on a small section of the project (area of the original discovery hole).
The 3D-IP only covers about 25% of the property. Most of the project remains unexplored and potentially hosts other systems, indicating that further exploration could reveal significant mineral deposits or geological features that have yet to be identified.
It is also important to remember that the 3D-IP only represents ~20% of the total property, which means there’s the potential for the remaining ~80% to hold another porphyry system. The remaining ~80% has never been explored.
Doubleview Gold’s CEO, Farshad Shirvani, who is also a geologist, believes that the geology north of the 3D-IP is favourable for potentially hosting more mineralization.
In an older YouTube video, the CEO indicated they might do another IP survey to the north, which could potentially double the system. A characteristic of alkalic deposits is many smaller deposits, so there’s the potential for more deposits (Doublview Gold’s Hat project is an alkalic deposit).
Due to how a porphyry deposit is formed, a feeder system (or feeder zone), which is the channel or conduit that delivered the hydrothermal fluids from the magmatic source into the host rock, typically contains the higher-grade mineralization.
Late in the recent drill campaign, Doubleview Gold discovered its highest-grade mineralization and believes that it may FINALLY have found the potential feeder zone for the deposit. Once the system’s feeder zone is found, it will boost average grades, thereby enhancing the project’s economics.
News release from September 11, 2025 – “Doubleview Gold Corp Announces Important High-Grade Copper and Gold Intercepts at Hat Polymetallic Deposit in Northwestern British Columbia” link
“Drill hole assay intervals include some of the highest-grade mineralization intercepted to date at the Hat Project.”
“The recent drilling focused on the core Lisle Zone, where drilling intercepted what is interpreted as a potential porphyry feeder zone.”
“….may be indicative of proximity to the “core” and possible “feeder” zone. “
Since the deposit remains open in all directions, there exists enormous upside potential; higher-grade feeder system grades are likely to come, more drilling will unlock more value from the remainder of the massive 3D-IP chargeability target, and there is the potential for more discoveries in the area not surveyed in the 3D-IP, which may host more deposits.
Doubleview Gold
Pit Shell
The images below show the pit shell could benefit from infill drilling. Infill drilling would easily add additional tonnage for a revised MRE and PEA.
Doubleview Gold
Potential Size of Pit Shell
The following is a calculation of the potential size of the pit shell using the current one in the PEA. It is important to note that these calculations use typical porphyry assumptions. The higher-grade feeder system for the project has not yet been found, and if discovered, it would likely change the shape of the pit unless block caving is required for mining, similar to what Newmont is currently doing at its Red Chris mine in the Golden Triangle, BC.
Increasing the dimensions of the current pit shell is the fastest way to increase the deposit’s valuation, as it can quickly be incorporated in a revised PEA.
Credit goes to @James56487175( Keyser Soze) on X link to profile (opens in a new profile).
Link to calculations: ChatGPT calculations (opens in a new browser)
Canadian Incentives
Critical Mineral Deposits
Largest Non-Producing Porphyry Deposits in Canada
SPOILER ALERT: Doubleview Gold’s Hat project is the 2nd largest non-producing porphyry deposit in Canada, ranked by after-tax NPV 5% (includes all resource categories & spot prices)!
Most Desirable Non-Producing Porphyry Deposit in Canada Not Owned by a Major
SPOILER ALERT: Doubleview Gold’s Hat project is the most appealing acquisition in Canada based on strategic appeal!
How Major Mining Companies Often Internally Screen Projects Canada Porphyry Deposits
SPOILER ALERT: Doubleview Gold’s Hat project is ranked the highest in Canada for strategic appeal to major mining companies!
Majors with Recent Interest in Porphyry Deposits in North America or Canada
Since Canada is the country providing the best incentives to lure major mining companies to develop its critical mineral deposits, here is a list of major mining companies that have publicly expressed interest in porphyry deposits either in Canada or North America in the last 5 years.
Top Non-Producing Porphyry Deposits in North America
SPOILER ALERT: Doubleview Gold’s Hat project is the 3rd largest non-producing porphyry deposit in North America, ranked by after-tax NPV 5% (includes all resource categories & spot prices)!
Most Desirable Non-Producing Porphyry Deposit in Canada Not Owned by a Major
SPOILER ALERT: Doubleview Gold’s Hat project is the most appealing North American porphyry deposit not owned by a major mining company!
Doubleview Gold
Global Rarity & Strategic Desirability
Doubleview Gold
"Implied Value"
Using Peer NPV Multipliers
SPOILER ALERT: Using the NPV multipliers of similar peers also at PEA stages, Doubleview Gold’s implied share price (fully diluted) would be C$5.20 – C$13.01 (US$3.85 – US$9.63)!
Doubleview Gold
"Potential Value"
Using Realistic NPV Multipliers
SPOILER ALERT: Using a strategic NPV multiplier, Doubleview Gold’s implied share price (fully diluted) could be C$18.17 (US$13.46)!
Justification for Doubleview Gold’s Hat project receiving a much higher NPV multiplier than its peers is explained later in the article.
Doubleview Gold
"Implied Value"
Using "Strategic" Peer NPV Multipliers
SPOLER ALERT: Using the strategic NPV multipliers of other strategic peers, Doubleview Gold’s implied share price (fully diluted) would be C$20.92- C$26.15 (US$15.38 – US$19.23)!
Major Miner
Acquisition Thresholds
Doubleview Gold
Potential Buyers
Doubleview Gold
Potential Bidding War
SPOILER ALERT: In an aggressive bidding war for Doubleview Gold’s strategic project, its implied share price (fully diluted) at 100% after-tax NPV 8% (results in a lower value than the published NPV 5%) could be C$39.40 (US$29.20)!
Before an entity makes an offer, it creates a new revised internal NPV calculation. Since PEA’s use a trailing metal’s price, metal prices are typically revised along with other numbers. The buyer’s internally generated NPV is rarely ever published.
The industry’s discount rate of 5% is also sometimes increased to something like 8% or more.
For the calculations below, Doubleview Gold’s Hat project’s NPV 5%, which was used to calculate its PEA, was increased to 8% resulting in a lower number to better reflect what might happen.
Potential Buyout
NPV Multipler
SPOILER ALERT: More justification that Doubleview Gold’s strategic project’s could be acquired at 100% after-tax NPV 5% resulting in a share price (fully diluted) of C$51.92 (US$38.46)!
This section below talks about the incentives from the Governments of Canada and British Columbia discussed earlier.
Doubleview Gold
Potential Surprises
A recent video (below), Doublevew Gold’s CEO hinted at potentially being able to have pure scandium and also said metallurgical testing could find additional metals such as gallium.
“We’ve discovered numerous additional elements within the Hat deposit that will soon be unveiled, each further showcasing the deposit’s uniqueness and enhancing the resource.” Doubleview Gold news release 25 February, 2026 link
Report's Conclusion is Further Below
My Public Predictions
Since 2020
Interview July 24, 2020 titled “D4 Explains Why Doubleview Gold (TSXV:DBG) is the Chance of a Lifetime”
T$R Actively Profiling Doubleview Gold
Since 14 June 2020 at C$0.11
List of Social Media Posts Referring to Doubleview Gold as "most desirable" & "life-changing"
For many years, I have been publicly saying that that Doubleview Gold is the most desirable & most unique deposit not yet in the hands of a major mining company. link to X post showing proof (opens in a new browser)
List of T$R Articles Written on Doubleview Gold
Doubleview Gold
Conclusion
In my opinion, Doubleview Gold has the most unique, most desirable, most strategic copper-gold deposit on the planet.
Due to its rarity in terms of NPV, metals and potential size, the first offer will likely trigger an aggressive bidding war, one that would be life-changing for patient shareholders that recognized the signs early.
Doubleview Gold is the most desirable, most attractive, world-class strategic porphyry deposit in the world that is not owned by a major mining company and will likely be bought out at a rare strategic NPV multiplier.
Recap of list of spoiler alerts:
SPOILER ALERT: More justification that Doubleview Gold’s strategic project’s could be acquired at 100% after-tax NPV 5% resulting in a share price (fully diluted) of C$51.92 (US$38.46)!
SPOILER ALERT: In an aggressive bidding war for Doubleview Gold’s strategic project, its implied share price (fully diluted) at 100% after-tax NPV 8% (results in a lower value than the published NPV 5%) could be C$39.40 (US$29.20)!
SPOILER ALERT: Using the strategic NPV multipliers of other strategic peers, Doubleview Gold’s implied share price (fully diluted) would be C$21 – C$26 (US$15 – US$19)!
SPOILER ALERT: Using a strategic NPV multiplier, Doubleview Gold’s implied share price (fully diluted) could be C$18.17 (US$13.46)!
SPOILER ALERT: Using the NPV multipliers of similar peers also at PEA stages, Doubleview Gold’s implied share price (fully diluted) would be C$5.20 – C$13.01 (US$3.85 – US$9.63)!
SPOILER ALERT: Doubleview Gold’s Hat project is the most appealing North American porphyry deposit not owned by a major mining company!
SPOILER ALERT: Doubleview Gold’s Hat project is the 3rd largest non-producing porphyry deposit in North America, ranked by after-tax NPV 5% (includes all resource categories & spot prices)!
SPOILER ALERT: Doubleview Gold’s Hat project is ranked the highest in Canada for strategic appeal to major mining companies!
SPOILER ALERT: Doubleview Gold’s Hat project is the most appealing acquisition in Canada based on strategic appeal!
SPOILER ALERT: Doubleview Gold’s Hat project is the 2nd largest non-producing porphyry deposit in Canada, ranked by after-tax NPV 5% (includes all resource categories & spot prices)!
SPOILER ALERT: Doubleview Gold’s Hat project is the lowest estimated operating cost in North America, ranked by lowest estimated operating cost!
SPOILER ALERT: Doubleview Gold’s Hat project is the 6th largest non-producing cobalt containing deposit in North America, ranked by contained cobalt!
SPOILER ALERT: Doubleview Gold’s Hat project is the most appealing scandium deposit to a major mining company, ranked by strategic attractiveness!
SPOILER ALERT: Doubleview Gold’s Hat project is the 3rd lowest-cost scandium non-producer in the world, ranked by operating cost!
SPOILER ALERT: Doubleview Gold’s Hat project is the 1st largest non-producing scandium containing deposit in the world , ranked by scandium metal potential, includes all resource categories)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 2nd largest gold containing deposit (non-producing & producing), ranked by after-tax NPV 5% (includes all resource categories & spot prices)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 8th largest gold containing deposits in Canada (non-producing & producing), ranked by contained gold!
SPOILER ALERT: Doubleview Gold’s Hat project is the 8th highest after-tax NPV 5% non-producing porphyry deposit in the world, ranked by NPV (includes all resource categories at spot prices)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 11th largest non-producing porphyry deposit in the world, ranked by total resource tonnage (includes all resource categories)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 3rd largest non-producing porphyry deposit in North America, ranked by after-tax NPV 5% (includes all resource categories at spot prices)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 7th largest non-producing porphyry deposit in North America, ranked by total tonnage (includes all resource categories)!
SPOILER ALERT: Doubleview Gold’s Hat project is the 8th highest after-tax NPV 5% non-producing porphyry (copper-gold) deposit in the world (includes all resource categories at spot prices).
