DEG 0.92% $1.08 de grey mining limited

Ann: Mallina Gold Project Scoping Study - Investor Presentation, page-7

  1. 11,724 Posts.
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    A great ready yet.... most know that this is more like a draft of what is come, versus the final submission (fine tuned... etc). Base case is 10mtpa. I still think that with further expansions to the MRE, they will end up looking at 12mtpa minimum. Then you have nameplate being beaten by pretty much every single new project. So... 10% more, means 13.2mpta (( and just to be clear, that is still likely to be increased into the future, but... best to be somewhat conservative)).
    Same grade at 1.4g/t gives me = 550,000 ounces (after recovery) p.a.

    Costs are very reasonable considering the current conditions (i.e. by the time the plant is getting built, W.A will have re-opened etc).

    Low strip ratio (I believe this will further decrease as they infill).

    I look forward to the day that my DEG dividend equals the same amount as my initial purchase price (I have only had that happen once in my lifetime anyway). Yes.. that is still a while away, but I am patient.

    Good luck to all holders.
    Last edited by speculator101: 05/10/21
 
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