DEG 0.75% $1.34 de grey mining limited

Ann: 136m@ 2.0g/t & Further High Grade Drill Results at Toweranna, page-66

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  1. 4,335 Posts.
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    @tigers17
    Yes I share your points of view.
    Buying under 10c? yes please.

    The drilling co doing drill for equity?
    They are no idiots and won't do this without the knowledge of the geology.
    They must also expect to see a rapid increase to resource or why participate.
    To me, this is an endorsement from an experienced group with with better geologic understanding, that is putting their money into the company.
    I am damn sure that they don't care about the low share price.
    For them, it just means more shares for each hole they drill.
    It is the same for us, but all people seem to view is the coming cr and loose perspective of the value being created here.
    We could have a nice large pit at Toweranna, an Ore Sorter with a crush and gravity circuit at a much smaller cost that could change the ball game. Not only have they found the potential for a high grade multi million oz pit, they could also increase the grade input with Ore sorting optimisation.
    Toweranna is also our highest grade deposit but now we may get to see that this could possibly be the the one that gives us the highest grade with lowest aisc. That is not considering what they have in their conglomerate as this will no doubt be even better.
    aimho
    Kind regards, Wack.
 
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