DEG 2.06% $1.19 de grey mining limited

Ann: Great Northern Gold Project returned to De Grey, page-3

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    Probably not, but plenty of GOLD! With the return of Wingina Well and surrounding gold assets to DEG it paves the way for a move to mine development for a small mine at Wingina Well and with mining of the higher grade outcrops at nearby Mt Berghaus to feed into a plant later. With the current mining downturn it is likely that a mine here is now much more viable than during the last feasibility study for this when mining contractor prices were through the roof. Just needs a motivated team, the right advisors and a good second hand CIL plant to move to the site to make it all happen. At least a cashed-up JV partner with specialisation in getting projects of this size (350,00 oz) up and running. Not a project for inexperienced operators like the current DEG line-up, but hopefully one for a tight outfit with that kind of know how and cost control. If you know of any please give them a nudge!
 
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