DEG 2.05% $1.07 de grey mining limited

Ann: Investor Presentation Diggers and Dealers Forum, page-236

  1. 2,444 Posts.
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    The "how rich are we" calculation is staring up right in the face.
    if we use your circle of hemi with 2.5km diameter and we transfer all the pink red and orange dots on the total picture into the circle, we have a coverage of about 40% of the total circle. If we use the 1/g per tonnes calc, we have PER METER depth: 170,000 ounces. This is very reasonable and does not need to be "down graded" and is what we have TODAY!!
    so the only real assumption needs to be how much average depth.
    at 100 m average depth we have 17M ounces.
    I think an average depth of 150 m is reasonable so we are at 25 M ounces. This will be +- 25 % or so. This will also come out of the calcs by end of financial year. We are heavily undervalued!!
    I think the deg boys know this ofcourse and I can not understand that the brokers dont come to this conclusion. This is not rocket science!!

 
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