Ann: De Grey adds 9kms of highly prospective Tabba Tabba Thrust-DEG.AX, page-68

FFS James..

Are you a safety barrier at the top of the cliff kinda guy or an ambulance at the bottom kinda guy.. either way Im hearing a cry for help.. so here it is..

Barrier at the top:... you need this.. extra strength immodium

https://www.imodium.com.au/products/imodium-advanced

OR
ambo at the bottom:..

https://images.app.goo.gl/CjQ6gH2jAmCFpHwu6

Either way you're gonna feel better once you stop shitting yourself in public.

The macro environment really is terrible at the moment for everything, It's no reflection on degrey directly, in fact it possibly even reinforces the reasons for buying degrey or other goldies..we're a relatively soon to be tier one producer(with clearly massive growth potential). of an unprintable tier 1 asset that is at all time lows when measured against nearly every other asset class.

the metallurgy has been greatly derisked and understood.. there are multiple suitors for the finance, and no doubt several wannabe buyers.

there is no question about the asset at all.. its no CHN with possible economic viability skeletons in the closet waiting to be exposed post DFS.. its not in state forest or farming areas.. we have the blessing of the traditional owners a d in a mining friendly jurisdiction.. we are very likely to be very profitable in the worst case scenario let alone should gold rip sentiment rapidly shifts to the goldies and economic slowdown give us a boost in terms of more available workers and whatnot.. I won't even mention my little bugbear of under appreciated and under explored lithium potential etc..

ok yes there is some potential downside, like everything.. yeah like any DFS in the current environment there is likely to be some margins squeezed cos of labour and other costs, but even then we don't need the bulk of people to run the mine just yet.. only build it.. while not insignificant by any means it's not insurmountable and certainly won't destroy the viability. And there is a 2 year timeframe in which to secure the operational staff issues, IF the slowing economic environment has not helped us along in that respect somewhat.

financing cost etc..im sure that's just as nasty too.. but so what if all this increase adds up to mean a 2 year payback (unlikely) from the last reported 18 month payback estimation? Unless you're a short term trader depending on crypto bubble style appreciation it's not too big a deal. If they can pay back 1.2 billion or whatever it might be now in construction costs in two years thsts a pretty good show of financial strength for a company that probably has a 20 year or more life span at that point.

should it sink to some 83c price (unlikely for very long.) then be swooped on by barrick or whoever, it wouldn't stay at 83 cents for 2 seconds. As soon as people realised some big buyer was swooping some kind of snowball reaction would occur im sure and the price would go up pretty rapidly. It's not easy to hide that kind of buying.

worst case scenario. Barrick swoop on it for a song at a moment of weakness... Well go buy barrick with the money you get from the forced (very unlikely) sale.. cos you know they have a good future after they get their dirty little mitts on degrey.

in any case all you really have to do here is hold it and you will be rewarded once they start pouring the gold bars. There is no question this golden goose and it's many avian buddies will be laying more golden eggs than you can shake an omelet at.

so.. stop crapping your daks.. drink a concrete milkshake or whatever it is you need dude.

look at the big picture, else you may as well run for the hills now..

Best of luck anyway mate