DEG 1.41% $1.08 de grey mining limited

Ann: Quarterly Activities Report - June 2017, page-4

  1. 1,337 Posts.
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    We really need a jump in the underlying commodity (Gold) every explorer is under pressure at the moment and are chronically undervalued, DEG is ticking all the right boxes,its shoring up its resources, feasibility study in progress, its a pretty slow burn on the cash considering the amount of drilling they are doing... yes they will need to raise more funds before long, let's hope sentiment in gold changes soon... however look what you get for under 7mil

    1. 1mil ounces of shallow 1.7gpt gold
    2. An approved mining lease
    3. The option to buy indee for 15mil (with potentially 15mil of crushed resource ready to go)
    4. Massive lease with multiple satilite deposits to feed and a lot more potential.
    5. Lithium potential
    6. A stones throw from port

    The management have done everything right since their refocus on WA assets, Im really hoping they prove to be the real deal, I really believe in the assets, and if they stay the course and continue to move us through to production without burning current share holders... we will all do really well.
 
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Last
$1.08
Change
0.015(1.41%)
Mkt cap ! $2.588B
Open High Low Value Volume
$1.09 $1.09 $1.07 $21.52M 19.94M

Buyers (Bids)

No. Vol. Price($)
2 101100 $1.08
 

Sellers (Offers)

Price($) Vol. No.
$1.08 18723 2
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