DEG 4.32% $1.33 de grey mining limited

Ann: Bonanza Gold Target Secured - Blue Moon Prospect, page-113

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  1. 3,115 Posts.
    lightbulb Created with Sketch. 476
    Think, most of us who are holding at this stage, do not expect a $1 SP short term.

    Even if they find the motherlode, there are other costs etc.

    I for 1 am holding for dividend at this stage.

    That will take time. but that is what will be bringing in a couple of dollars dividend every year for a decade or more.

    infact even with the current 1.2moz already there:

    At a net profit of only $500 per oz, the revenue would be $600 million

    That would need further dilution, say 300 million more share issued

    So total around 600 million shares.

    Still $1 per share

    ***

    Then you got to add
    1) the current Pilbara Wits 2 angle.... would be $10 or $20 per share profit, if successful.
    2) The 12kms more of potential Wits 2
    3) The Lithium may add some some

    Penny stock buyers, buy these for above reasons...

    Think all boxes ticked
 
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$1.33
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