Explorers go through cycles ,quite a few Canadian explorers such as Azimut,FSX, WM have recently gone through a fairly severe correction .Even freegold with 6 million ounces and a recent 150 metre hole at 1 gram per ton .Look at PGM(pure gold ) ,enterprise value 1 billion ,in Red lake .Will be one of the worlds highest grade gold mine ,first gold pour by Christmas .Enormous blue sky in Red Lake .Major support from the big boys .De Grey management has done a fantastic job of finding gold and also promotion .I should add that Eric only sold some of his KL not all ,after a massive profit .Suspect he is worth close to 5 billion right now based on his recent success with investing in this space .His recent podcasts have mainly featured a few stocks that he owns .Very bullish on Silver .Well worth listen every Friday.De grey has become so valuable ,hard to imagine anyone would be interested in taking it over ,too expensive.Kl is focusing on Detour Lake which is an operating mine that they recently bought for way less than DEGS current market value and KL is focused on expanding its operation and reserve there having done a deal with WM .
Bets on Monday’s close!! 19 cents for me, page-101
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Last
$1.40 |
Change
0.055(4.10%) |
Mkt cap ! $3.343B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.41 | $1.36 | $9.178M | 6.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 247 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 100920 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |