DEG 0.41% $1.23 de grey mining limited

Ann: Hemi confirms potential for major discovery, page-173

  1. 1,122 Posts.
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    in line with my earlier back of the envelope musings...

    previous to Hemi discovery, MC was say $50mill

    if Hemi is as exciting as we think (say circa 1 mill oz for starters) then that's another $100mill

    the interesting question now is what does Hemi mean for all the previously known deposits - the mind boggles!

    And then there are the known unknowns in the form of a multitude of targets awaiting exploration

    hence on the back of a mix of FA with some blue sky from, my short term target is about 14.5/15c

    obviously sounds like a pump but until someone shows some figures to the contrary, that's just my opinion and i am sticking with it
  2. 2,753 Posts.
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    Well super interest here right now. Couldn’t help but buy ,and up 100% in a session!
    In section A they’ve mentioned EOH in 315 the deepest hole, the assays were a bit lower due to water influx ,(affecting recoveries I’d assume). So real grades may be higher.I marked this in yellow circle.
    https://hotcopper.com.au/data/attachments/1969/1969398-8148db21bd781d58366067d049241952.jpghttps://hotcopper.com.au/data/attachments/1969/1969400-2da91df456c3c7d0a9c5f11d5fc9bbce.jpg

 
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