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?
Been a while since I was on DEG forums, it was a set and forget...
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Last
$1.13 |
Change
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Mkt cap ! $2.620B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.16 | $1.13 | $9.769M | 8.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 18 | 276561 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 11931 | 2 |
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| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
0.005 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| $1.14 | $1.15 | $1.13 | 1646588 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
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