DEG 1.40% $1.09 de grey mining limited

Ann: 2018 Total Gold Mineral Resource increases to 1.4Moz, page-7

  1. 429 Posts.
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    Fantastic result, we have a new benchmark for the minimum we can expect. A 15% increase based on infill drilling, with the depth still around 100m. It is hard to see how they won't go >2mill oz with a little bit of depth and some greenfield hits. I expect a low ASIC in the PFS based on the shallow nature scoped up and then management having a long hard debate towards that higher out put.
 
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