It is simply a report from a journo at "The Australian". I am sure there are a number of big miners looking for opportunities to buy a business without having to go through many years of searching vacant land in the hope the drill rig hits something.
How this pans out should be clear within next 6 months. I dont believe DEG have the $$$$, current team or ability to build a mine and processing plant at the moment. They are explorers. IMO it will be a JV with someone like Goldfields or be acquired by a much larger entity. I would rather it remain in Australian control though.
Barrick Gold eyes De Grey Mining, page-59
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$1.48 |
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| Open | High | Low | Value | Volume |
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