Right, makes sense. I didn't think any of the drilling they had reported was going to yield a huge increase.
Steady focus on shallow resources for near-term mining, next is step-out drilling to give the mine more longevity.
739k in measured and indicated should convert well to the ore reserve. If they're talking 100koz per year of production, that would be probably 6 years of production from those. The inferred could easily provide 4 years of production, so that's 10 years of mine life at 100koz per year.
I wonder if they're thinking of going bigger than 100koz now? Have to wait for the PFS I guess.
Cheers
- Forums
- ASX - By Stock
- DEG
- Ann: 2018 Total Gold Mineral Resource increases to 1.4Moz
Ann: 2018 Total Gold Mineral Resource increases to 1.4Moz, page-5
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.43 |
Change
0.045(3.25%) |
Mkt cap ! $3.427B |
Open | High | Low | Value | Volume |
$1.40 | $1.44 | $1.40 | $11.15M | 7.841M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 190958 | $1.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.43 | 83333 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8732 | 1.415 |
4 | 12683 | 1.410 |
1 | 8732 | 1.405 |
6 | 36265 | 1.400 |
1 | 8732 | 1.395 |
Price($) | Vol. | No. |
---|---|---|
1.435 | 10000 | 1 |
1.440 | 33085 | 5 |
1.445 | 20116 | 4 |
1.450 | 70410 | 9 |
1.455 | 18470 | 2 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |