DEG 1.62% $1.22 de grey mining limited

Ann: Hemi continues to Grow, page-36

  1. 1,544 Posts.
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    does anyone dare to guess or chuck a strip ratio into this? The mineralization looks solid so my thoughts is it will be low but I'm not qualified to guess.

    I was at 10m last month once I was convinced B was min 600 and possibly over 1km and Simon and Andy talking 400m deep.
    The problem is looking at the facts and convincing oneself how rare it is to find something like this and are we that lucky?

    I've only gone conservative on A so im not scene as a total OTT wanker and I can be a bit balanced.
    A tripling is not that hard to imagine. Open everywhere after 800m.
    I feel I'm being optimistic at us being at 10m oz but when I look at total MT in these 2 zones i think we get around 200mt.

    my brain has a real issue going beyond that because that's bloody amazing.

    The thought of going 700m or 800m deep or 1.2-1.5km along strike or more parallel zones never mind all 3 is somewhere I think is difficult certainly for me to allow myself to go there due to possible evaluation.
    And that's just Hemi.
    8.30am and I need a glass of wine

    What complicates this is people selling at 20c still.
    It does my head in. Can I be that wrong?

    10m oz @ $200 is a much big number. What if 20m?

    During all this fear, people are worrying about GP.
    I have always said the $A is going to have the biggest effect and talked 60c. Aussie gold miners are going to make a killing. Let's revisit the numbers at 50c.
    The GP doesn't even have to move and we get to $3000 oz.
    It was this position why I was so bullish on DEG.

    When NST release the next few quarterlys the numbers are going to be huge. They are barely hedged

    The dogs that are on the brink of bankruptcy will be making $1000-$1500oz while qan etc are being bailed out.

    When we announce a massive inferred resource for this within 6 months in the middle of a perfect storm of low $A, high GP, miners making squillions and everything else f**ked I expect many DEG holders to be multi multi millionaires.


 
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