DEG 2.13% $1.15 de grey mining limited

Ann: De Grey Mining Mallina Gold Project Scoping Study, page-125

  1. 726 Posts.
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    Very good spotting indeed timmo. I had to turn my brightness to Max and only just could see them then..

    there really is so many exciting developments happening .. I do wonder how they manage it all

    It's interesting to think about their strategy with this regional stuff. They already have a shitload of infill drilling to do that will provide good value for their drilling dollars as it adds to the next resource update., which is growing by the day and have many good leads like scooby ect to follow up on that would seem easier to provide value given their location and promising grades.

    So far it doesn't seem as though the increase in new discoveries gets reflected in share price commensurate with the value of that discovery so what's the plan?

    if they did sniff out another hemi what would they do with it? Slow down the Infill drilling at hemi 1?
    Get more drills in from somewhere and drill it in parallel with hemi 1 ? Good luck with finding more drills... They'll need 20 rigs next... A good problem to have but if it's at the expense of defining their existing deposits and maybe needing more funds earlier than expected to do so is it worth it if its not being reflected in the share price?

    Maybe it's some kind of takeover defence to have lots of potentials on the go?

    would live to be a fly on the wall in the hemi boardroom that's for sure.


 
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