DEG 0.40% $1.24 de grey mining limited

Yes its funny Nrmn, certainly the market hasn't shown much...

  1. 1,268 Posts.
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    Yes its funny Nrmn, certainly the market hasn't shown much enthusiasm for this announcement but it is one of the two key steps needed outside of the financing side of things that will determine the chances of this project being completed in a timely way. The second one is the in-principle positive response to the Environmental Impact Assessment. The latter one will also inform about possible other costs/delays if there are any concerns about acid-mine drainage, or groundwater issues or indeed potential flood-plain risks associated with the adjacent rivers. Maybe there are no champagne corks popping as yet because that EIS approval will be major turning point and you need both of these elements to be satisfied to get the final green light, but regardless, this is a major progress point to be celebrated.
    Hopefully too, DEG can continue to be a trusted friend and partner to the regional Indigenous community, and make a real positive contribution. all of which makes it a more worthwhile company to invest in.


 
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