DEG 0.72% $1.37 de grey mining limited

Ann: Ceasing to be a substantial holder, page-5

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,347 Posts.
    lightbulb Created with Sketch. 6562
    Hi all.
    To elaborate a little further.
    If we look at the light brown hatched section ( red line ), we are now 50/50 with novo in a JV with Essential Metals.
    The light brown hatched ( blue line ) 50/50 with novo in a JV with Peregrine.
    All other light brown is 50/50 with novo.
    Blue hatched, 50/50 with novo.
    All the other blue is 100% deg including the Van Maris on the left of ( Farno- Blue hatched ).
    As I recall, the plain blue was 1290km2
    https://hotcopper.com.au/data/attachments/5371/5371358-f293d894a16ae5105810c66a7c78c7e4.jpg
    That means the $25m spend over the next 4 years is over a large land area.
    It does secure a great deal more potential for the coming lift ion the old price.
    If a major wanted to acquire this, I reckon the premium will lift rapidly particularly as they prove more presence of gold throughout.
    I hope I am interpreting that correctly.
    Kind regards, Wack.
 
watchlist Created with Sketch. Add DEG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.