DEG 2.02% $1.22 de grey mining limited

NOVO halted, page-36

  1. 3,109 Posts.
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    IMO, keeping up with the trend of SPs of the other companies, DEG will fall too, with EOFY, a further hit.
    Wouldn't be surprised with 12 or 13C SP.

    I for 1, think they are a great result.

    * Its testing different zones, at one tiny edge of the conglomerate.
    Check Fig 4 of the Ann.

    * The bad result was for Kx 158 which was testing the Dolerite foot wall zone where they were not expecting gold, was probably just to rule it out.

    * The pending samples may show better results.

    * Fig. 4. The following might be totally Stupid, but wouldn't gold being heavy flow down to the lower parts of the Conglomerate ? This testing looks like it was done at the highest Level of the conglomerate, so if I assume correctly, there would be a heavier concentration around 180m to the right of the current 10gt sample ?

    Knowledgeable guys please give your opinion about this above assumption of mine.

    * I reckon its an opportunity to accumulate more DEG at lower SP. Infact , will probably sell my 2 other plays and put all into DEG.
    Last edited by sting1: 01/06/18
 
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