Ann: High Grade Depth Extensions and Visible Gold at Falcon, page-1145

Cash burn rate reduced a little bit but still one of the highest of any mining company in the world at over 20 million a quarter .The best thing DEG could do to secure its future is to hire Tony Makuch ,he ran Kirkland lake but has now left since its takeover (sadly) by Agnico .He is a high quality CEO and would focus DEG on what it should be doing ,ie moving towards production and stop all this useless ,wasteful and unnecessary drilling which is of no consequence and irrelevant to the company future .This should be to focus resources on moving forwards and get into production and establish cash flow .
It is an absolute nightmare right now in the mining industry to try and get a producing mine up and running and DEG needs someone with experience to do this .Supply chain restraints,inflation ,residual Covid is making it extremely difficult to accomplish such a task (ie mining ) in a timely manner .Permitting is also taking forever .Cost of borrowing has almost doubled in 3 months .
Degs timeline for establishing production is quite clearly totally unrealistic given all these issues .Many gold miners trying to move from reserves to production are having major issues with several going bankrupt and being taken over for cheap,this has all happened within the last year worldwide and well known to anyone investing in this sector.