DEG 1.17% $1.08 de grey mining limited

Ann: 2018 Total Gold Mineral Resource increases to 1.4Moz, page-5

  1. 2,237 Posts.
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    Right, makes sense. I didn't think any of the drilling they had reported was going to yield a huge increase.

    Steady focus on shallow resources for near-term mining, next is step-out drilling to give the mine more longevity.

    739k in measured and indicated should convert well to the ore reserve. If they're talking 100koz per year of production, that would be probably 6 years of production from those. The inferred could easily provide 4 years of production, so that's 10 years of mine life at 100koz per year.

    I wonder if they're thinking of going bigger than 100koz now? Have to wait for the PFS I guess.

    Cheers
 
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