Ann: Large gold system defined at Crow, page-79

Well, all I can say, is its great to have at least $38m in cash and DEG can now totally ignore what I am sure will continue to be hugely gyrating market moves and get on with drilling, with a few extra rigs too. Not every day the market falls over 5%... and yet, it did not surprise me in the least (somewhat contradictory I know).

Some great commentary on this thread and yet, in the end, it is such early days. I do very much agree with those are mentioning GOR as a future potential company to aspire to match (or.. I feel fairly confident, outdo), market cap wise, and perhaps production wise too. As without in any way talking down the Gruyere discovery, since its discovery, there really has been little else that GOR can show for all their exploration spend (but not denying how well shareholders have done!).

Without wanting to give a history lesson. The reality is that GOR discovered Gruyere back in 2013. It took just 10 months, to drill it out enough to provide a resource of 3.8m ounces (at 1.2g/t). It took approx 2 years to drill it out and complete studies to then sell 50% to Goldfields (with 5.8m ounces in resource, and 3.5m ounces in reserves (at 1.2g/t).

Before I go further, I am not saying that the first resource delineations coming up later in the year, will be 3.8m ounces (sure, I would like it to be, but... still way too early, although I obviously have read all the differing predictions).

Yet since, 2013, other than Gruyere, GOR has basically found very little (again, not trying to be negative on GOR, just offering an opinion), considering they have since, the the Goldfields J/V (late 2016), spent approx $80m on exploration (that is not including admin etc!) (by going through the last 4 years of annual reports). Why I am banging on about this, because whilst GOR pulled of an excellent deal with Goldfields in 2016 (I would be very happy to see DEG do something similar, with say, SAR (proven team), a similar outcome would then fully free DEG to drill the hell out of the other 200km of shear, which already has proven to be far more target rich than GORs) without the development/operational risk, since then they have basically achieved very little, yet even today's announcement would, if GOR had achieved it, a very different outcome with the share price (market gyrations aside).

I feel this chart is actually very relevant and I hope some find interesting, if nothing else as a way to gauge the milestones (the share price has increased 2.5x since that chart ends).




With some rough editing (on my part), I would like to see the following occur in the years ahead...



Finally, just in case it all sounds implausible that DEG could reach so high, just look at the metrics of Gruyere, grade, etc etc....
DEG is not going to need a 8.8mtpa plant! So please, don't let anyone sway you into thinking DEG is going need $500m AUD etc..