I would suggest people to go back and look at Bell Potter's brokers report
https://degreymining.com.au/wp-content/uploads/2021/05/DEG-210419.pdf
What was Bell Potter's MRE number? 8.2Moz at 1.2g/t. Of course that report came out on the 19th April and therefore their calculations would've missed out a couple of announcements up to the cut off date of 17 May. But assuming they did include those new extra announcements, their MRE would've right on the money at 9Moz at 1.2g/t.
They've estimated an AISC of $1050/oz. If they are right on the money with their MRE then the chance of them being right on the AISC estimate is pretty good. They know what they are doing.
Sounds a bit too low to be true? Sure. Look at Argonaut's
https://degreymining.com.au/wp-content/uploads/2021/05/DEG-May-2021.pdf
AISC of around $1200/oz.
Hey may as well let's throw in Canaccord Genuity's report from March as well,
https://degreymining.com.au/wp-content/uploads/2021/05/700dd706-10e4-4d8f-aa1f-4ae62d038a8c.pdf
Bear case ASIC. I say it again. BEAR CASE. AISC of $1100-$1200. Go look at the report yourself.
$1.60 per share from Bell Potter and Argonaut. $1.50 per share from Ganaccord Genuity.
So apparently some experts with the profile names that end with geo are very insightful and provided their expert analysis on our MRE, which is great by the way. And BGL had been brought up numerous time as a reference point. What is their AISC? $1079 per ounce.
Not that much different to the ASIC numbers called by three independent broker's reports for De Grey's, despite higher grades, hey?
They have lots of gold too. 2.7Moz apparently. Except, we have more than 3 times their amount.
Really? Compare BGL with DEG? As our beloved president Mr Biden said... Will you just shut up... man
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