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KRO Profile
Price:$0.610  Open Rec:See Strategy
Market Cap:$93,506,900  WC % of Mkt Cap:8%
Working Cap:$7,276,000  As of:10/31/2023
Issued:153,290,000  Insider %:3.0%
Diluted:212,320,000  Story Type:Resource: Discovery Exploration
Key People:Cory Belyk (CEO), Thomas Jr Graham (Chair), Harry Chan (CFO), Nathan Bridge (VP EX), Dianne M. Szigety (Sec),
SV Rating: Good Spec Value - as of March 7, 2024
Last Corporate Change - Dec 30, 2013: New Exchange Listing
Last KRO Comment - Mar 29, 2024: KW Excerpt: Kaiser Watch March 29, 2024: Canalaska Uranium Ltd (CVV-V)
Recent News - Apr 17, 2024: Stakes 58,747 Hectare Intrepid East and West Projects in Northeastern Athabasca Basin
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
West McArthur 83.3% WI Canada Athabasca Basin 3-Discovery Delineation $155 Uranium Unconformity style
Cree East 100% WI Canada Athabasca Basin 2-Target Drilling $130 Uranium Unconformity style
Key Extension 100% WI Canada Athabasca Basin 2-Target Drilling $130 Uranium Unconformity style
McTavish 20% TC Canada Athabasca Basin 2-Target Drilling $648 Uranium Unconformity style
Moon Lake South 25% WI Canada Athabasca Basin 2-Target Drilling $518 Uranium Unconformity style
Waterbury East 20% WI Canada Athabasca Basin 2-Target Drilling $648 Uranium Unconformity style
Waterbury South 80% TC Canada Athabasca Basin 2-Target Drilling $162 Uranium Unconformity style
Manibridge-Resting-Halfway 100% WI Canada Thompson Belt 2-Target Drilling $130 Nickel Magmatic Segregation
AKP 100% WI Canada Athabasca Basin 2-Target Drilling $130 Diamond Kimberlite
Burrill 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
Carswell 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity
Chymko 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
Kingston 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
Marshall 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
North Millenium 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
Taggart 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
Warren 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
Waterbury West 2.00% NSR Canada Athabasca Basin 1-Grassroots $0 Uranium Unconformity style
Watson 100% WI Canada Athabasca Basin 1-Grassroots $130 Uranium Unconformity style
Mouse Mountain 100% WI Canada Central BC 2-Target Drilling $130 Copper Gold Porphyry
Ruttan 100% WI Canada Manitoba 2-Target Drilling $130 Gold Copper Zinc VMS
North Thompson 100% WI Canada Thompson Belt 2-Target Drilling $130 Nickel Magmatic Segregation
Price:$1.100  Open Rec:See Strategy
Market Cap:$63,716,941  WC % of Mkt Cap:7%
Working Cap:$4,672,840  As of:9/30/2023
Issued:57,924,492  Insider %:63.4%
Diluted:59,535,492  Story Type:Resource: Feasibility Demonstration
Key People:Sandy McVey (CEO), Peter F. Palmedo (Chair), Frank R. Hallam (CFO),
SV Rating: Good Spec Value - Favorite - as of December 29, 2023: West Vault Mining Inc is a 2023 KRO Favorite effective April 13, 2023 at $1.02 with a Good Speculative Value rating based on it positioning itself as a buyout target for a mid tier gold producer interested in developing the Hasbrouck project located just outside Tonopah in Nevada's Walker Lane. The target is a rapid repricing into the $1.50-$2.00 range to reflect fair speculative value, followed by leveraged tracking of higher real price gains (ie a 25% move by gold to $2,500 translates into a 600%-800% move to $7-$9 ahead of a buyout offer involving inflated but liquid paper from a mid tier producer). West Vault is headed by CEO Sandy McVey and Chairman Peter Palmedo whose Sun Valley Gold LLC owns 46% of the stock. Ruffer LLP and Eric Sprott own another 22%. The junior has about $4 million working capital which at the current overhead burn rate and no plans to do additional work at Hasbrouck would allow the company to operate for 4-5 years without any further equity dilution. The board includes highly experienced people like Stephen Quin and Pierre Lebel. The stated goal is to minimize dilution by spending only necessary overhead and foregoing additional feasibility related work or exploring those parts of the property with untested potential. This "gold vault strategy" is designed to maximize the upside when a major gold bull market based on a rising and sticky real gold price emerges and unleashes a scramble among mid-tier producers to expand their mining portfolio. Hasbrouck consists of three low sulphidation epithermal gold systems: Hasbrouck with a proven and probable reserve of 34,370,000 tons of 0.017 opt gold and 0.306 opt silver, Three Hills with a probable reserve of 9,653,000 tons of 0.018 opt gold, and Hill of Gold which has no resource. The reserves are ba...(see Profile for full Overview)
Last Corporate Change - Jul 2, 2020: 10:1 Name Change from West Kirkland Mining Inc (WKM-V)
Last KRO Comment - Mar 29, 2024: KW Excerpt: Kaiser Watch March 29, 2024: West Vault Mining Inc (WVM-V)
Recent News - Oct 12, 2023: Granted 1% Royalty on Prospective Property Adjacent to Hasbrouck, Nevada
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Hasbrouck 100% WI United States Esmeralda County 7-Permitting & Feasibility $65 Gold Silver Low Sulphidation Epithermal
 

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