Ann: Amanda Resource Potential Increases, page-7

Hi Wack,
cheers for the kind words, although I think that DEG has a large group of prolific posters that are eloquent and well researched. I have held back from posting too much on DEG as I am still slowly getting my head around what NOVO and its peers are aiming at. Plus how that fits into my investment rationale in DEG.
I chose DEG due to the plain jane gold resource it has, plus the prospectivity of its tenements. That is my backstop for risking capital when I know further dilution is still to come due to the payment that needs to be made for the rest of the tenements (of course, I think the payment is very worth while). Still, I am a happy holder as for now DEG management seems to have made no big mistakes, or broken promises, or over promised for that matter. I don't want a repeat of my KIN investment.

I do note that the options due near the end of the year have the potential to raise $6m alone, so only a further $4m needed. After watching what happened to EAR yesterday, I think it in the best interest of the company and current holders to do a major raising well before the PFS and U/G mining scoping studies come out. Its almost a shame that DEG was not able to better capitalise on the conglomerate mania that occurred, but... of course, plenty of time for that to occur.

I think you post sums up DEGs position well right now.

Has there been much discussion about what the BFS will actually look like?

After reading through the scoping study from 2017, I feel that a lot has occurred, plus more gold has been discovered, plus of course, they are aiming for including U/G mining in the mine development, so am I right in assuming that they will finish the U/G scoping study first? then the BFS? As surely that would maximise the project. If that is the case, does there still need to be a fair bit of drilling to be done?

Its a real chicken and the egg question in regards to what DEG should do. Drill up more ounces to increase the production rate, or, get into production and then upgrade the plant? At first glance, I feel it would be better to drill a bit more, say another 3-6 months. Get an extra 150k into the mine life to allow it to at least have 6+ years mine life. Also, production rate of at least 80k p.a. They will need a slightly bigger plant, but the extra capex I would think would be minimal.

Plus, the conglomerate story is still playing out. So what am I saying... not sure really, just posing some points for others to discuss, or laugh at