Just when you think DEG are beginning to form a coherent strategy for future exploration (like the move into JVs, iron development and exploration) they make a wierd tangential shift to greenfields exploration near Mt Isa! I'm not convinced they have the funds to explore this in any way without a placement that would seriously devalue current shareholder worth. IMO they really need to get some runs on the board with respect to exploring their new Channel deposit and be prepared to work with any JV proposal that arises from the Emergent Resources work, rather than to abandon everything for greenfields and not be able to cover existing project commitments.
Ann: De Grey Steps into Mount Isa Inlier , page-2
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