Ann: High Grade Depth Extensions and Visible Gold at Falcon, page-24

Hi Avagadro, congrats on 12000 posts, thats quite a feat.

Id say there is a heap of room for the valuation to be increased though. Look at bitcoin's gains and there is nothing but sentiment and scarcity behind that, nothing physical backing it's value and people just accept that that's the value of it mostly because thats what the market has determined.

Deg has already tapped $1.60, sure it may have gotten ahead of itself at that point on fundamentals but its had 3 good drilling updates since then so you could argue some of that overvaluation slack has been taken up.

it's got the rarity factor of being a future tier 1 resource in a good mining jurisdiction with apparently plenty more to come.
You cant expect the price to remain where it is or decrease with the continual release of good drilling results, esp when a whole heap of things could easily turn and light a fire under it again..

-The gold price could easily bounce back'

-Scooby and other results impress

-Mainstream stocks lose favour.

-Ol' Joe stops Biden' time and tells Jan to crank up the printer..

-Iran kicks off.

-DEG gets added to the index.

Ok fair enough some of these things will lift all goldies at the same time but probably more so ones like deg that have more going for them than a lot of others. Id say there are more potential upside drivers than downside at the moment. When this company starts producing as a tier 1 miner many will be sad they didnt get in at $2. so call it overvalued if you want but its all a matter of perspective. I have a mid/long term one with this baby.