The size of the resource being developed is quickly becoming large enough (and in best-in-class Oz) that it will move the needle of the BIG producers. Step aside tier 2 producers, your pockets aren't deep enough to bid -- early as H2 2021?
With each redefinition of the size -- Drill-drill-drill -- the t/o price will climb, good for holders, more expensive for the biggest boys.
OV
PS I still like the GOR (yes, I own it since EKM) model. They JV'd their initial big discovery: 50% ownership + build the mine (by Gold Fields) + $$$(?) = all the rest of the region to drill (for free, sort of) from money generated by their 50% interest. DEG has many similarities to the GOR of a few years ago.No "hmmmm," just saying this model has worked before, but each circumstance is diffferent.
Ann: High Grade Depth Extensions and Visible Gold at Falcon, page-40
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Last
$1.24 |
Change
0.010(0.82%) |
Mkt cap ! $2.959B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $4.933M | 4.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13069 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 108282 | 7 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| DEG (ASX) Chart |