DEG
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0.45% $1.10 de grey mining limited

Ann: Ceasing to be a substantial holder, page-11

  1. Lenny08
    664 Posts.
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    23/06/23
    11:33
    Post #: 68434942
    Sounds like a great deal by the DEG team.
    As you highlight, when they build up a decent reserve, while Novo share may go up 4-5 times, DEGs cut will be circa $500m based on your post. Your biggest concern has been the cost of the plant for DEG, but based on this, they will pay for half the plant ($500m) for only a $25m investment?! Pretty good going
    DEG Price at posting: $1.31 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 16  Upvote
    lightbulb Created with Sketch.  Great analysis
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