DEG 1.41% $1.08 de grey mining limited

Ann: Mt Berghaus drill assays deliver robust gold mineralisation, page-17

  1. 1,337 Posts.
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    Thanks Fish3,

    Management are pretty fortunate to have back the 100% ownership of leases.... it does sound like a lot of ordinary decisions in the past, looks like they may be on track now, and if they can be clinical in their decision making from here out.. we may just get some confidence in this stock, (however that's no consolidation for share holders having to pay for all thoes bunny trails in the past) seems like management are specialists in capital raising.... which is great as long as they can turn the capital into market capital for the company, I looked into the Geo's who are running the drilling campaign.. they are well experienced and highly regarded in the industry (so im delighted in that good decision) the Geo's are also very confident in the potential in the area, and apparently have a solid stock holding (so I was told by management) (I'm yet to find out how much.. I'm looking into that).

    Your right, I'm not sure if current management have the experience to go into production, however if they partner up with the right people or JV with an experienced company... they will move forwards, they found the right Geo's so that's a great start (and they are quite aggressive in their approach to building ounces)

    The thing that attracts me to this company is it's market capital... it is so cheap in regards to the amount of work and inground inventory they have... just a few more ounces of Gold to find and we have an asset that can move towards production... the region could be holding a few million ounces... and they have made submission for more leases in the current location.

    Then theirs lithium, the neighbours lease has found good deposit and we are on strike with them, interestingly we own their lease, the contract makes it clear that the lithium and other base metals are theirs any PMs are ours.. I don't know how that will work if they start mining, do they have to give us any Gold and Silver they find? (Complicated) as they are on strike with us as well.

    Thanks Fish3, for your feeds, much appreciated (I've spent quite a considerable time going through a lot of announcements over the past week) I'm building more confidence as I see the potential... but I see risks too, really hoping the assays continue to come in strong.. these might be the game changer.
 
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