DEG 2.05% $1.20 de grey mining limited

Wake up DEG Management, page-15

  1. 2,227 Posts.
    lightbulb Created with Sketch. 571
    Because pivoting to drilling, defining JORC resource, PFS, DFS, Construction, offtakes and actual mining Is likely a 5 year process at bare minimum. Not to mention All mining isn't the same so you would need to Re-team with lithium based Experts.

    For a punt that the lithium price might still be super high in 5 years.

    So I do sympathize with your views Jig.... Hell im sure if you look back in the DEG threads I'm 99% positive that i have said words to the effect of :just send one team to drill it out and sell off the asset or ship DSO to Fund the gold project" but in reality it isn't that easy and it all costs money and more importantly time.

    The other factor is yes we know we have lithium but without knowing Size,Grade and How many deleterious elements there are in the particular deposit it might be less financially viable than the gold.

    The more i learn about lithium from my other holdings the more I back DEG management to keep on doing what they are doing and thats adding Big ounces to the existing resources and getting us ready to start a mine which will be highly profitable.

    Hope that helps and also more than happy for you to disagree.


 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Last
$1.20
Change
-0.025(2.05%)
Mkt cap ! $2.864B
Open High Low Value Volume
$1.21 $1.21 $1.17 $4.505M 3.788M

Buyers (Bids)

No. Vol. Price($)
5 17605 $1.19
 

Sellers (Offers)

Price($) Vol. No.
$1.20 59107 4
View Market Depth
Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.