DEG 4.33% $1.21 de grey mining limited

Ann: Extensional results show Brolga plunge potential, page-103

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    Just out from Barry Fitz RRS... (Extract)
    "Talking about gold’s recovery and takeover chatter, it is interesting to note than De Grey (DEG) has come storming from an 84c low on March 9 to $1.16c on Thursday, a 7-day trading day gain of 38% if you don’t mind.

    There has been a definite increase in takeover chatter around the stock in recent days. It is a big bite as its market cap is now $1.5 billion on the strength of its Hemi discovery in the Pilbara.

    No maiden resource estimate just yet, but Hemi gets talked about in mining circles as a 5-10 million ounce find that would suit one of the gold producers looking to bolt on a likely Tier-1 scale project in a Tier-1 location to their portfolio.

    The eventual development of Hemi is a big part of the golden hue that is descending on the vast redness of the Pilbara."
 
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