Siva, you are not correct to say DEG has "no reserves or resource".
DEG has 2.16M oz in mineral resource (published in April 2020). This includes c. 1M oz at Measured & Indicated. By comparison, we will see our first conversion into Indicated in the next couple of weeks (no Measured likely). And DEG's resource statement doesn't include Hemi (which appears to have got everyone excited over there).
I don't own DEG, and my personal view is that a A$1,3bn MC is crazy, but best not to mislead re. "no reserves or resource".
I do own BGL, and I know that we are up 105% CYTD and have some fantastic newsflow over the coming weeks. Let's focus on the positive.
Ann: Metallurgical Tests Return Exceptionally High Recoveries, page-71
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