Ann: 6.8Moz Hemi Maiden Mineral Resource drives MGP to 9.0Moz, page-69

My take, for the record, is that due to the way institutions value mining operations, the size of the resource above some number is not significant to them. That is, by discounting future cash flow the valuations only look out about a decade and so future ounces discovered above what has been announced today don't affect the company's value in their eyes. The size of the resource just feeds into the decision about how big the plant should be. Because institutions finance the plant, their view then imposes a limit and stops DEG just "going for it" and building a bigger plant with bigger risk.

BUT if we transition to a new gold-based currency system mining operations become the new banks. Then every additional ounce found has value in the eyes of investors anticipating this outcome, even if the plant constrains yearly production.

Regardless, a rising gold price will lift the value of DEG in a way everyone can agree on.

My original plan for buying into DEG a little under 2 years ago was to buy ultra cheap in-ground resources and ride the gold wave as the fiat money system crashed. The former has happened, beyond my wildest expectations (and with potential for further upside). The indications of the latter get stronger and stronger by the day.

The only real argument I see for selling down DEG is that there are better speculative options elsewhere. But if you want to ride the gold wave with peace of mind what high-quality alternatives are there to DEG?