DEG 1.27% $1.20 de grey mining limited

Ann: Hemi confirms potential for major discovery, page-114

  1. 1,732 Posts.
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    @Xenius, I hope your guess re the double figures is correct, I saw your earlier back of the envelope numbers and as you say this could be a major discovery.

    Andy Beckwith said "we currently interpret that the two mineralized zones are structurally related". Section A and Section B are 640 metres apart and the grades appear to get better at depth, so the potential here has really got the market going today. And I have to say that your reckoning could yet end up being well and truly on the conservative side of things - because the mineralization here is getting better at depth - and none of that was reckoned upon at the back of your envelope.

    So there could possibly be lots more to come, well that would be my deeply held desire at the least

    I guess at this time of day I'm a little bit late to the party, but I am very happy to see the results DEG have released today, which have delivered me well and truly into the wonderful green. It has been tough going here lately, so I'm also happy for other holders here to be on the end of an exhilarating ride today, which surely augurs well for DEG going forward.

    I can't finish this post without mentioning the management who have copped an absolute shellacking from some here on these threads in recent times, and I will put my hand up and say I was not a fan of the most recent CR (but now DEG will have money to keep drilling Hemi for a few more months); and no doubt about it in my mind the Indee raise was done months too late at too low a price.

    But as luck (and good endeavour) would have it, we now have the the magnificent Hemi, so all of a sudden the management take on a different lustre. Or at least get the chance to take this DEG forward, so I hope that all future management decisions are in congruence with the excellent results delivered today.
 
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