Been a while since I was on DEG forums, it was a set and forget when I got in at the Hemi discovery, but went back and reviewed where they were in June 2021 compared to now:
Jun 2021 Hemi = 6.8M Oz of Gold (Ind & Innfrd) DEG share price $1.28ish Market Cap $1.3Bn and gold price at time AUD$2400 per Oz
Dec 2023 Hemi = 10.5M Oz of Gold (Ind & Infrrd) DEG share price $1.35ish Market Cap $2.5Bn and gold price at time AUD$3100 per Oz
Excludes other gold projects resources and any other minerals. Obviously some dilution and market capitalization appreciation with a lot more ounces in the ground.
Market almost ignoring the additional gold and I suspect its something to do with long mine life, the Hemi project and DEG is now too big for GOR to acquire/swallow, and it needs a Newmon or a Goldfields or a Barrick to step up to the plate and construct this operation?
Ann: Hemi Gold Project Resource Update November 2023, page-52
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