DEG 1.24% $1.22 de grey mining limited

Ann: 136m@ 2.0g/t & Further High Grade Drill Results at Toweranna, page-38

  1. 4,222 Posts.
    lightbulb Created with Sketch. 6374
    @gbgirl
    I share your view on that.
    A small cost to sort all that ore from the waste with a potential to save huge costs and prevent much higher volumes being processed through a plant. Going by the tables that QH put up with the results Novo have achieved could give this deposit a very low cost of production cost while it may become one of the largest deposits.
    I am totally flabbergasted at the response to this announcement.
    136m @ 2g/t would have doubled a share price at times and this is almost back to where it was.
    Nice depth which is amenable to OP to boot.
    Toweranna has historical mining of 5000oz at 40g/t.
    What is even more exciting is that it is open below 200m and laterally.
    Laterally means we have more that is suitable to OP while the depths lend us to underground, particularly with those historical grades.
    The rigs are to return within 2 weeks for further depth testing.
    This line was another stand out. Analogue of Wallaby (8Moz) and Jupiter 1.6Moz) gold mines.
    I wonder how the Ore Sorting evaluation is progressing and think that we could also get an update on that soon.
    Rc is why we got results back so quickly but they must have prioritised this over other assays.
    Our target of 2m oz this year is looking more promising and those higher grade sections just add more cream to our metrics.
    Remember, we still have Mallina to come and I am expecting the results to be good with that observation of the cores.
    Needless to say, I have been accumulating again and will continue while these prices remain depressed.
    I will keep some powder dry incase we are offered any shares or rights in a CR.
    We must also be getting closer to an ann about the looming cr.
    Kind regards, Wack.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Last
$1.22
Change
0.015(1.24%)
Mkt cap ! $2.923B
Open High Low Value Volume
$1.21 $1.22 $1.19 $4.131M 3.413M

Buyers (Bids)

No. Vol. Price($)
3 68632 $1.22
 

Sellers (Offers)

Price($) Vol. No.
$1.22 164146 15
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.