Ann: A$100 million Capital Raising, page-23

A pleasing outcome and as the market is showing right now, demand for DEG has not reduced.
Money follows money....

A recent podcast I really enjoyed discussed that the issue in the precious metals sector, is not that companies find it hard to access capital, almost the exact opposite, the biggest issue facing the sector, is that there are so few new projects to develop (especially Tier 1), coupled with a dearth of proven, capable development teams.

As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa

Ignore the title, Tavi focus' almost exclusively on the precious metals sector.

DEG is looking like it will have discovered what almost no-one else is has, a Tier 1 discovery, at the beginning of a gold bull market.
I view that as the main reason they are able to raise such a large amount so quickly. Whatever the capex will end up being for the project, it just won't be an issue.

I can understand that many may look across the sector, and think.. gee. the value proposition of DEG has diminished.
I would argue the opposite. Premium assets, receive a premium. GOR proved this (and continues to do so).
If by years end, DEG has 6m ounces. At a MC of 1.5b. Its still only trading at $250 per ounce in resource. RMS recently paid almost $500 an ounce for SPX ounces (in resource) (there are differences in the deposits, but.. its all margin, and Hemi's will be market leading).

I am in no way saing that DEG is going to $5 tomorrow. Not at all.
More just that the value proposition over the long term, is what is bringing in investors around the globe. This I believe will continue.

Good luck to all holders.