DEG 2.28% $1.07 de grey mining limited

Ann: Trading Halt, page-61

  1. 3,110 Posts.
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    Just my opinion below. Why not outsource processing of around 300,000 Oz. Even at a meagre reduced $350 profit. It would bring in $105,000,000. Enough to buy rights and build a mine. Without further dilution. Maybe 400,000 Oz for another $35million for exploration and buying further rights. We would not need further dilution / CR. With around 1.5 mill Oz expected. 1.1 mix Would still yield around $550 per Oz. $605 mill net profit. Which is $2 per share. Is that even possible ?
 
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