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$1.39 de grey mining limited

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gpHiggsBoson

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01/08/24

19:09

Post #: 75033405
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Originally posted by speculator101: ↑

Gets even better when DEG trucks the highgrade ore (well... relatively high grade for DEG) from Ashburton in the south.

For context, RMS used to truck ore over 300km from their Vivien U/G mine, they stated that it cost approx 0.7g/t (to truck).
So... DEG ideally have 1.4m ounces (probably closer to 800-900k ounces with a 70% conversion rate) at 2g/t after trucking costs.

For $25 an ounce, you can see why DEG was so happy to lock in the option to acquire it (plus most of the full cost can be paid in shares).

I genuinely think DEGs team know that with further satellite assets, 1,000,000 ounces p.a. is achievable, especially if the plant goes well above nameplate (most plants can do 20% without too much work). The hub and spoke has worked well for the likes of RMS, DEG is just doing it on a bigger scale.

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Great to see you in the winners circle. And of course your humble opinion.

DEG Price at posting: $1.23 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.39		Change 0.015(1.09%)		Mkt cap ! $3.319B

Open	High	Low	Value	Volume
$1.37	$1.40	$1.36	$5.391M	3.892M

Buyers (Bids)

No.	Vol.	Price($)
6	61632	$1.38

Sellers (Offers)

Price($)	Vol.	No.
$1.40	86094	8

View Market Depth

No.	Vol.	Price($)
6	61632	1.380
6	148129	1.375
4	90360	1.370
1	8470	1.365
5	120229	1.360

Price($)	Vol.	No.
1.395	86094	8
1.400	154486	13
1.405	146101	5
1.410	63849	5
1.415	41086	5

Last trade - 16.10pm 10/10/2024 (20 minute delay)

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