Hi @gbgirl, sure it could. I didn't mean to exclude Gold Fields...

Hi @gbgirl, sure it could. I didn't mean to exclude Gold Fields when I mentioned the majors. Just that Newmont and Barrick were top of mind from this article recently: https://www.insidermonkey.com/blog/5-best-gold-stocks-with-dividends-2-1093456/?singlepage=1

As a 30 second exercise I wanted to reverse engineer a fair value for DEG, as a miner paying dividends.

They ranked the best gold div companies as 1. Newmont MC US$42B @ 4.5% div - 2. Agnico MC US$25B @ 3% - 3. Barrick MC US$34B @ 3.5% etc etc nb these returns will have dropped somewhat because they've had a good SP run since the article in Dec 22.

As for DEG the exercise was a bit of nonsense, but got scary good, particularly if inflation is normal (AISC), we can bump up the stated 550kozs pa with an underground, can bump out LOM with new hits around Greater Hemi and/or regional, not to mention if you're a bull for where gold might be heading at that time, the lithium etc etc etc .

Re the T/O talk, for me the jury's still out.

Accumulation no doubt.

Accumulating to take a position OR accumulating for a takeover???

I looked at the Top 20 again:



If a T/O it's getting expensive - doesn't seem to worry them so far - and the challenge, you'll need GOR in your pocket, and an offer massive enough to win the insto's (but we know they can turn quickly).

What's best for us retail, I know for me it's all about stage of life (retirement) and tax. There could be worse things to worry about, cheers.

GLTAH!