CHN is an interesting prospect at the moment. Going by the scoping study they used overly optimistic mineral prices. it’s a large deposit but the profitability is nothing like DEG hence the massive sell off.
PGEs are down across the board, it kind of feels like hydrogen is loosing the battle to electric, given lithium and granites runs.
Gold the safe haven going into this global recession and DEG has the mother load. CHN looking at a 2029 production, the First Australian PGE producer will most likely be POD. Given DEGs imminent production, and the fact gold should rise on the coming lowering of interest rates and the drop in US dollar value, DEG is a solid buy.
Ann: 2023 Diggers & Dealers Investor Presentation, page-41
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Last
$1.09 |
Change
0.010(0.93%) |
Mkt cap ! $2.612B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.09 | $1.05 | $7.418M | 6.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 22760 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 344372 | 13 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |