DEG 4.59% $1.14 de grey mining limited

Ann: Quarterly Cash Flows Report - September 2023, page-7

  1. 1,454 Posts.
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    The problem is IMHO mate, we don't have enough ounces found yet.

    WE currently are at 11.7Moz, if we work it out on a per oz value of around $200 it makes our gold in the ground worth about $2.35B, the bonus again IMHO we have a shit tonne more hiding in the ground, and I also believe our oz's are worth a bit more due to the fact we have so much, which brings costs down, so lets call it $250-300 an oz, that puts us around your 1.70 figure on the low end of a $3B MC and the high end $3.5B.

    In all honesty I want to see us bring this to mine and hopefully collect some nice dividends in the future.

    GLTAH
    DYOR
 
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