Doubleview Gold Corp.
Record Copper Prices Fuel Re-Rating
Published: April 27, 2026
Author: FRC Analysts
Disclosure: Doubleview Gold Corp. has paid FRC a fee for research coverage and distribution of reports. See last page for other important disclosures, rating, and risk definitions.
Company Details
Sector – Basic Materials
Industry – Other Industrial Metals & Mining
Trading Information
Trading information – DBG.V : TSXV
Report Highlights
- Copper Hits Record High & Fair Value Re-Rating: Copper has risen 13% in the past month, reaching a record $6.20/lb, driving stronger sector valuations, and prompting an upward revision to our fair value estimate. We expect copper prices to remain strong in the near term, driven by a weaker US$, constrained supply growth, and recent supply disruptions. We believe the market will shift from surplus to deficit in 2026.
- Strong Share Price Momentum in DBG: DBG is up 30% since our previous report on March 31, 2026. Since initiation in August 2020, shares have increased 870%, with MCAP rising from $32M to $620M, a 1,838% increase.
- Large-Scale Project Value (Hat Project, B.C.): A recent independent economic study (PEA) on DBG’s Hat polymetallic project outlined a large-scale operation, with a 25-year mine life, and an after-tax NPV5% of $7B. DBG currently trades at ~10% of NPV, indicating significant undervaluation.
- High-Quality Critical Minerals Resource Base: The project hosts M&I resources totaling 6 Blbs CuEq (higher confidence), with an additional 5 Blbs inferred. Based on spot prices, gold accounts for 44% of resources, copper 39%, scandium 10%, cobalt 6%, and silver 1%. The presence of scandium and cobalt, both designated critical minerals in the U.S. and Canada, enhances strategic value.
- Gold Strength & Outlook Maintained: Gold is up 42% YoY, to $4,741/oz. We maintain a positive outlook supported by safe-haven demand amid geopolitical uncertainty and inflation-driven US$ weakness.
- Key Near-Term Catalysts: Upcoming catalysts include resource upgrades, expansion drilling, metallurgical recovery test results, and project optimization initiatives, and an advanced economic study (pre-feasibility).
Price and Volume (1-year)


*QP: Erik Ostensoe, P.Geo., Consulting Geologist of Doubleview Gold Corp. Doubleview Gold Corp. has paid FRC a fee for research coverage and distribution of reports. See last page for other important disclosures, rating, and risk definitions. All figures in C$ unless otherwise specified.
The Hat project, located in B.C.’s Golden Triangle, hosts polymetallic porphyry mineralization containing copper, gold, silver, cobalt, and scandium
Hat Polymetallic Project, B.C. (100% interest)
Project Location

Strategically situated near renowned production and development projects such as Red Chris, Galore Creek, and Schaft Creek

While grades are consistent with similar-style deposits (known as porphyry projects, typically large with relatively low grades), we note that the 10+ Blbs CuEq resource is notable, exceeding the usual range of 2–6 Blbs CuEq, implying potential for a longer mine life, and superior economics
Source: Company / FRC

Source: Company / FRC
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