West Vault Mining Summary (2025) Projects : Hasbrouck and Three Hills (Nevada) Ownership : Acquired from Allied Nevada in 2014 PFS (2023) : Production: 70,000 oz/year for 8 years Capex: $66M After-tax IRR: 80% at $2200 gold Development Plan : Phase 1: Three Hills (shovel-ready, 12-month build) Phase 2: Hasbrouck (18-month build) Combined Reserves: ~725,000 oz (175K TH, 550K Hasbrouck) Strong exploration potential with high-grade intercepts Status : Development on hold, waiting for higher gold prices Burning ~$1M/year (conservative spend) Cash: ~$2.5M Announced share buyback: up to 3% Additional Assets : 60% interest in 11 Nevada properties (300K acres, from Newmont/Rubicon) 25K acres in Quebec (between two 4Moz deposits) Market Cap : ~$43M (fully diluted) — very low for a near-term 70K oz producer Risk/Reward : Upside: 10x potential at $4000 gold if mine built and extended Risk: May sell project instead of building Insiders/Ownership : Sun Valley Gold: 46% Ruffer: 17% Eric Sprott: 5% Konwave AG: 3% Management/Insiders: 1.5% Total Insider Ownership: ~70% CEO Quote (2/18/2025) : “We see building Hasbrouck as a viable way to unlock value, but we’re cautious of being a single-project company. Our market cap must be significantly above initial capex before we build — to allow room if things go wrong.” Key Assumptions Annual Production : 70,000 oz Mine Life : 8 years (likely to extend with exploration) Gold Price : $4,000/oz AISC (All-in Sustaining Cost) : Assume $1,200/oz (to be conservative) Free Cash Flow (FCF) per ounce = $4,000 - $1,200 = $2,800 Annual FCF = 70,000 oz × $2,800 = $196,000,000 Valuation Multiple : 10x–15x FCF (common for miners with solid assets) Market Cap Range : Conservative (10x) : $1.96B Optimistic (15x) : $2.94B Shares Outstanding (FD) : ~70 million (estimate) At $4,000 gold , West Vault Mining could be worth: $28.00/share (10x FCF) $42.00/share (15x FCF) Current stock price is under $1 , so this is a potential 30-40x return if the mine is built and production is realized.Read more
West Vault Mining Inc. acquires, explores, and develops gold projects in the United States. Its flagship property is the Hasbrouck property located in Nevada. The company was formerly known as West Kirkland Mining Inc. and changed its name to West Vault Mining Inc. in July 2020. West Vault Mining Inc. is based in Vancouver, Canada.
