DEG 3.36% $1.39 de grey mining limited

Ann: HEMI - Major Extension, page-149

  1. 11,991 Posts.
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    Well, an interesting day.
    I jumped online, saw the announcement, thought, ok, good stuff.
    Read the first 4-5 posts, saw undaunted's post, started to reply politely that I thought he was wrong... got distracted, worked all day...
    now logged in again and hmm.. We just added another $150m to our market cap.

    Whilst much of my 'profit', is still a paper one, I cannot help but.. crack a little smile smile.png.
    Finally, a Disallowed (last one occurred back in 2013).
    Congrats to other holders too, who undoubtedly have had more time in DEG.

    I also am happy to see that GORs Gruyere project is now being mentioned more often as an analogue, although I think the grades, are going to be far better than Gruyeres (1g/t). Which bodes well considering they are able to produce at an AISC of around $1100 AUD.

    Great to see the extra rigs being brought in. Though.. I am greedy, more air core on trend is now a must.

    I almost always find the only reason I get tempted to sell a few more DEG shares, is when I compare the market cap to other explorers (even producers), yet... once I physically remove my right hand off the mouse (with the left hand), I return the general thesis for holding DEG.
    200km trend (tick)
    Geos have proven they can find even more (tick)
    Large multi million ounce discovery in Australia, that are open pit, in a safe mining jurisdiction (tick)

    Out of interest, I did a bit of searching, but could not find much on just how many tier one gold deposits were discovered in recent years (older data yes, but not new). Interested in anyone could find such data?

    Not a bad thing... discovering something that is rare.. with such size that is rare... rolleyes.png
 
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