DEG 1.83% $1.11 de grey mining limited

Ann: NVO: Significant drill results at Becher, page-5

  1. 30,257 Posts.
    lightbulb Created with Sketch. 1817
    OK good point. They are planning on open pits. The issue seems to be financing such huge operations in a tight financial market and lack of an operating mill. Their capex is gong to be uuuuge. An interesting comparison is BGD which has an operating mill it's feeding in existing stockpiles from older mines, and largely self financing in a gold region in SA. They have large tenements there but SP is way lower than DEG. Tight register too.



    Last edited by dolcevita: 13/02/24
 
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