I think Australia and especially WA is one of the most economically and politically stable places on earth right now. The western Australian economy is commodity driven with the majority of Australias gold reserves. Australia in general is resource rich, which in the case of stagflation sits us in good stead. DEG will continue to be highly sort after stock due to investors wanting a stable mining environment.
Gold miners are massively undervalued by historic standards. The safety and upside potential of DEG are both impressive.
https://www.mining.com/25-year-chart-shows-mining-stocks-chronically-undervalued-to-gold-price/
Ann: New Gold Zone Identified at Withnell South, page-38
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Last
$1.37 |
Change
-0.025(1.79%) |
Mkt cap ! $3.283B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.36 | $11.63M | 8.478M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 156821 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 104561 | 4 |
View Market Depth
| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| DEG (ASX) Chart |