DEG 4.11% $1.14 de grey mining limited

Ann: Further High Grade & Expanded Footprint at Hemi, page-466

  1. 3 Posts.
    lightbulb Created with Sketch. 34
    copy and paste quickest way I've found, takes longer to remove all the duplicated results in their tables...

    ah, I did only skim for it, guess i didn't go back far enough. Getting about 1.8 Moz for Brolga
    https://hotcopper.com.au/data/attachments/2265/2265736-61d1dbafc8c0b59f0c83a8c9d3dbb5c1.jpg


    In terms of the down dip extension for Brolga - The holes which will either confirm or deny this extension do not appear to have had complete assays reported yet (HERC072D and HERC055D). I believe the mineralisation will continue down dip but may not be in intervals as large as up dip - lesser enrichment from supergene processes maybe? These holes are also likely geotechnical holes so will sit somewhere near an initial pit outline (diamond tail on RC pre-collar from the naming convention - along with HERC049D) - this may give an initial pit outline like below, down approx. 320m, approaching UG mining depth;

    https://hotcopper.com.au/data/attachments/2265/2265714-c7ac5751f26fe04fe51370bb34c8978b.jpg

    HERC072D, 55D and 49D were initially reported on at start of June, so given lab turnaround times and probable internal QAQC, I think these results are due very soon.

    As for Crow - too soon to tell really, need more deeper results. Conservatively 'generous' effort here with a lower cut off grade (0.2 g/t). Will easily be economical with Brolga and Aquila next door, economies of scale comes into play here, and still very early days.

    https://hotcopper.com.au/data/attachments/2265/2265761-4346965bdae7cf8acb977375b13d2b12.jpg

    https://hotcopper.com.au/data/attachments/2265/2265737-ebc515e069d97915ee7f1003db119765.jpg

    Is too early to try correctly guess numbers, I would like to think that with all the information they have released to market that our estimates are somewhat in the ball park.
    Brolga - 1.8 Moz
    Aquila - 0.67 Moz
    Crow - 0.6 Moz
    = 3.07 Moz to put DEG total over 5 Moz, with plenty of upside in the immediate Hemi area at Crow and south of Brolga. Is really starting to look impressive.

    https://hotcopper.com.au/data/attachments/2265/2265785-e7afdd860dce9a623e450b2efbc9b48d.jpg

    It is fun to play around with all this, but it is all a guess as we do not have access to their database - would also think that the reporting of results will start to slow down now with +$1 bill MC, not so much of a need to go to market for funding, hopefully I am wrong on this



 
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