"DEG have spent some of their reserves on this transaction so it means another capital raise is coming sooner rather than later"
Hilarious. Just $7m on drilling over 18 months, then we can withdraw, and just $10m in Novo shares, which we can sell, that would be funny, what price your Novo shares then.
The upside? Well we actually know what we're doing, if Hemi 2.0 is in the intrusions (untested) at Becher, or Withnell 2.0 is in the shears, we'll find it.
We'll know soon enough, either Novo get's a ticket to our dance or back you go to irrelevance.
BTW good luck with your bottom fishing for Canadian goldies:
"A million ounces of gold in WA should be worth about the same as a million ounces of gold in Ontario, they’re both good jurisdictions. But you know the Canadian one still trades at probably half the valuation"
(20min delay)