Ann: Further High Grade & Expanded Footprint at Hemi, page-335

DEG started off as 15% of my portfolio and is now 60%.
My brain says time to rebalance. My heart says there's a long way to go. For the time being my heart wins.

$0.83 represents 6,500,000 resource ounces @ AUD150/oz.

It's difficult to believe the resource tops out at 6.5m oz, and given the outlook for gold prices, equally difficult to believe the resource is only worth $150/oz.

On the basis of what we currently know, I’m a buy up to 55c, a hold up to $1.28, and a sell half over that. That sentiment changes as every new drilling result is released.

Share Price Table

1
2		Resource Oz	4,500,000	5,500,000	6,500,000	7,500,000	8,500,000	9,500,000	10,500,000
3	$/Res Oz
4	75​		$0.29​	$0.35​	$0.42​	$0.48​	$0.54​	$0.61​	$0.67​
5	100​		$0.38​	$0.47​	$0.55​	$0.64​	$0.73​	$0.81​	$0.90​
6	125​		$0.48​	$0.59​	$0.69​	$0.80​	$0.91​	$1.01​	$1.12​
7	150​		$0.58​	$0.70​	$0.83​	$0.96​	$1.09​	$1.22​	$1.34​
8	175​		$0.67​	$0.82​	$0.97​	$1.12​	$1.27​	$1.42​	$1.57​
9	200​		$0.77​	$0.94​	$1.11​	$1.28​	$1.45​	$1.62​	$1.79​
10	225​		$0.86​	$1.06​	$1.25​	$1.44​	$1.63​	$1.82​	$2.02​
11	250​		$0.96​	$1.17​	$1.39​	$1.60​	$1.81​	$2.03​	$2.24​
12	275​		$1.06​	$1.29​	$1.52​	$1.76​	$1.99​	$2.23​	$2.46​
13	300​		$1.15​	$1.41​	$1.66​	$1.92​	$2.18​	$2.43​	$2.69​
14	325​		$1.25​	$1.52​	$1.80​	$2.08​	$2.36​	$2.63​	$2.91​
15	350​		$1.34​	$1.64​	$1.94​	$2.24​	$2.54​	$2.84​	$3.13​
16	375​		$1.44​	$1.76​	$2.08​	$2.40​	$2.72​	$3.04​	$3.36​
17	400​		$1.54​	$1.88​	$2.22​	$2.56​	$2.90​	$3.24​	$3.58​