Ann: A$31.2 Million Capital Raising, page-270

yes, yes, i know, i am nostra-freaking-damus...

this is how i predicted DEG was worth $1.70 early last year:

https://hotcopper.com.au/threads/dgo%E2%80%99s-ambition-for-deg.5215180/page-5?post_id=42828521

BTW actually after the cap raise at $1.20, due to dilution, the target should have changed to about $1.40. But it went to just under $1.70 anyhow. Twice!

Now DEG is worth heaps more. I might revisit my spreadsheet to work out how much but there are lots of quality analysts putting out numbers these days.

Also in this thread i said DEG was as perfect a gold play as you will ever find.

https://hotcopper.com.au/threads/ann-a-31-2-million-capital-raising.5364274/page-219?post_id=44499577

But i left out some other stuff i hasn't thought of at the time, which goes to show how important luck is in this game. Here is the full list starting with the ones i left out

* close to major highways
* close to major gas pipelines
* close to major power lines fed by two (presumably somewhat redundant) power stations at each end
* minimal native title/planning issues
* high grade large shallow open pittable discovery
* owns most of the nearology in a vast new gold province
* politically stable jurisdiction which will soon be looking for all opportunities for employment growth
* low oil price (OK not so much now)
* not far from a port (which will soon accept freight)
* resources found so far are quite close together
* exploring and developing, not mining, so not much impacted by COVID-19 (apart from general logistics delays which affect everyone else more)
* environmental issues not likely to be a factor
* takeover blocking stake held by DGO which is smaller than DEG so they are not likely to take DEG over allowing other shareholders to ride it all the way up
* on the radar of major gold industry players (previously i said KLA, Novo and Sprott, just more/others now)
* $80 million in the bank (was $40 million)