DEG 2.57% $1.40 de grey mining limited

Ann: Gold nuggets confirm important new conglomerate discovery, page-160

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  1. 9,079 Posts.
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    Honestly it is pretty exciting. All these companies still have a lot of work to do and it pays to not get ahead of ourselves, but we could be talking millions upon millions of ounces of gold in the Pilbara if this does turn out to even partially mirror Wits 1.0.

    DEG already has 1m ounces, there is the possibility of another Moz+ in these conglomerates. That is more than enough for 10 years LOM as a mid size producer we are talking valuations of $500m plus.

    I bought some VXR today. They have land bordering where DEG found these nuggets and have good base metal potential

    KAI looks good. Missed my planned entry this afternoon but will be looking for one tomorrow. Still lower cap than some of the other players. Gold might not be as easy to prove but they have huge land holdings so could have considerably resource if the geology plays out right.

    DGO is in the area and the cheapest by far. Might be worth a punt.

    To be fair I have only put a small amount of research into the area vs some here. There will be plenty with more detailed and informative views than me. I hope this area if it turns out isn't like lithium where everyone has to fight over who is better. If this is legitimately Wits 2.0 there is so much money to be made in this area. It will be a fun ride to watch develop
 
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