I bought some more this morning: if DEG keeps going like this with drilling results, the majors will be taking a close look. Blue sky is now 5m+ ounces, possibly more, with a premium for a takeover. That could see DEG getting well past 500m in market cap, maybe a long way past if they find another Hemi.
DGO is going to have a say in what happens next and it holds about 11%, right? In one way that makes the current SP look fully valued, but DGO has potential accelerators in its other projects, plus in greenfield exploration in areas analogous to Hemi.
The notice from Regal was interesting this week too.
DGO Price at posting:
$2.00 Sentiment: Hold Disclosure: Held
