This is 7 billion dollars for the entirety of northern Australia...

This is 7 billion dollars for the entirety of northern Australia which is a vast area .DEG is going to need to borrow in excess of 1 billion dollars for its one plant.If you look at the cost of the project in the updated feasibility report the cost of the plant went up 35% to 1.35 billion AU.The current cash burn rate of 25-30 million AU per quarter is occurring prior to any expenditure on building the plant.I did notice in the financing they mentioned “royalties” .
Borrowing from the government generally involves a lot of paperwork and time .
Since gb girl asked, anyone who is interested in finding an explorer which is 50% cheaper than deg then Artemis is worth checking out .They have 10 million ounces in the golden triangle of BC ,have a fully funded and permitted plant which will have its first gold pour in about 2 months and its value is about 50% of DEG taking into account exchange rates etc .The management team is of extremely high quality and there are very few bulletin board notes on it ( a good sign).There is an inverse relationship between number of bb notes and investment quality.
10 km away from Blackwater is “igo”whose market value is 25 million Canadian .This may be DEG when it was 4 cents .They have a chance at a big discovery and have copper as well .don't own either but they are on my radar.