Did not look at those performance options as to what they include and exclude so here's my rambling and no doubt inaccurate guesstimate:
9Moz as per SS (june 21) + 0.8Moz not included in evaluation = 9.8Moz, leaves you with 10.2Moz to find from June 2021. Let's assume they keep finding it at 350,000oz/month (surely they will start hitting a few dusters, so might not be able to maintain the current rate of 450,000/month?), will result in 10.2Moz/350,000 = 29 months from June 2021, will take us to November 2023. If a company is keen to take over DEG you'd think it would have already happened by then, provided PFS and DFS are showing the goods.
Ann: Completion of Fully Underwritten A$125 million Placement, page-78
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$1.39 |
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Mkt cap ! $3.319B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.41 | $1.37 | $5.226M | 3.761M |
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