Ann: 2023 Diggers & Dealers Investor Presentation, page-35

Pretty obvious that timelines are slipping for the feasibility report and thus the completion date for the mine and free cash flow .
This is the future of deg unless they plan on being a perpetual explorer company with no cash flow .
Talk of more exploration for gold and lithium is basically irrelevant .
By the time any lithium reserves are found the boom in Lithium will be over as other batteries take over.
All commodity cycles are like this from emus to tulip bulbs.
Costs for a mine are rapidly increasing especially if the money is borrowed as worldwide interest rates are at a 20 year high and have basically doubled in 2 years .
The extreme weakness in the Australian dollar puts its central bank in a conundrum,either raise interest rates and produce a recession or let the dollar fall further and create inflation (think Argentina/Zimbabwe).The extreme weakness in Chinas economy as it enters a deflationary cycle like Japan is also a problem .
Deg remains in a trading range as it has for 2-3 years with no prospect or reason for it to breakout .
Degs share price has in fact held up pretty well compared to many miners ,especially explorers who are ridiculously cheap right now with plenty large deposits available for 5-10 dollars an ounce in ground.