Dolly Varden Silver Corp
Primary ticker: TSXV: DV, OTCQX: DOLLF
Stage of development: Exploration
Primary minerals: Silver, Gold
Project to promote: Kitsault Valley Project
Project location: Golden Triangle, BC
Website: dollyvardensilver.com
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project located in the Golden Triangle of British Columbia, Canada, 25kms by road to deep tide water.
The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
Cash: CAD 18M
Debt: NIL
Major shareholders:
Fury Gold Mines – 19%
Hecla Mining – 15%
Eric Sprott – 10%
Fidelity Investments – 7.5%
Management Ownership – 3%
Financials
Management Profile
Shawn Khunkhun – President & CEO
Mr. Khunkhun has over 20 years of experience in the capital markets, mineral exploration and development sector with a focus on enhancing shareholder value. He has served in a variety of strategic roles including Investor Relations, Corporate Development, CEO, Director and Executive Chairman. Mr. Khunkhun has been instrumental in creating awareness for undervalued companies including grass root explorers, developers and producers. Mr. Khunkhun’ s experience in incubating and growing early stage companies through capital raises, acquisitions, joint ventures and spinouts, as well as long-standing relationships with an extensive global network of HNW investors, private equity and institutional investors, analysts, brokers, and investment bankers, have been a valuable asset to growing mineral explorations companies. Mr. Khunkhun is a Director of Goldshore Resources Inc. and is Director & Exec. Chairman of StrikePoint Gold. Mr. Khunkhun has facilitated over $1B in capital raises.
What do you think makes your company such a compelling investment?
2. Team: our team has a proven track record of success with several board members being involved with companies like Newmont, Hecla, and Coeur and entrepreneurs that have made a career selling companies to Kinross and Agnico, to mention a few.
3. Cash: due to supportive shareholders, the company has the capital to unlock the incredible mineral potential of the Golden Triangle.
What are the top 3 key investor takeaways?
Since 2020, the Company has undergone significant growth & changes:
1. We’ve tripled our resource by acquiring Homestake Ridge from Fury Gold Mines, drilled over 100,000m and made discoveries in the areas never explored before;
2. We’ve increased the Company’s valuation from $20M to $300M and raised over CAD $120M;
3. We rebuilt and enhanced the team.