The size of the resource being developed is quickly becoming large enough (and in best-in-class Oz) that it will move the needle of the BIG producers. Step aside tier 2 producers, your pockets aren't deep enough to bid -- early as H2 2021?
With each redefinition of the size -- Drill-drill-drill -- the t/o price will climb, good for holders, more expensive for the biggest boys.
OV
PS I still like the GOR (yes, I own it since EKM) model. They JV'd their initial big discovery: 50% ownership + build the mine (by Gold Fields) + $$$(?) = all the rest of the region to drill (for free, sort of) from money generated by their 50% interest. DEG has many similarities to the GOR of a few years ago.No "hmmmm," just saying this model has worked before, but each circumstance is diffferent.
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Open | High | Low | Value | Volume |
$1.37 | $1.41 | $1.35 | $14.07M | 10.18M |
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No. | Vol. | Price($) |
---|---|---|
4 | 55057 | $1.39 |
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Price($) | Vol. | No. |
---|---|---|
$1.40 | 6000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 6920 | 1.385 |
2 | 6249 | 1.380 |
3 | 66270 | 1.370 |
1 | 8971 | 1.365 |
2 | 18971 | 1.360 |
Price($) | Vol. | No. |
---|---|---|
1.395 | 6000 | 2 |
1.400 | 29971 | 5 |
1.405 | 24328 | 5 |
1.410 | 105971 | 6 |
1.415 | 40971 | 4 |
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