DEG 4.88% $1.37 de grey mining limited

Ann: Substantial Resource Increase for Turner River VMS Deposits, page-20

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  1. 1,273 Posts.
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    Geez Katweezel, I assume you are being a bit tongue-in cheek about dear Clive.
    Clive Palmer has, along with some of us longer term holders, lost a motza on DEG. I think he bought in at about 10c a share from memory so his holding is worth a tiny fraction of what it was when he thought he was buying into the iron potential. So I wouldn't follow in all his footsteps or you might end up like his Titanic, or Clive Palmer Party, or Nickel plant, or.......

    Re this VMS announcement, I know the area is too small to underpin any VMS mining, but can anyone give an expert opinion about whether the new estimated ore grade is economical to mine if enough of the stuff is found? If its not, this seems a bit pointless at present? Certainly none of the DEG announcements give any clues about this, other than ideally any find would be 100 x bigger to be exciting.....
 
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