DEG 4.59% $1.14 de grey mining limited

Ann: Quarterly Cash Flows Report - September 2023, page-8

  1. 2,410 Posts.
    lightbulb Created with Sketch. 588
    I agree with bringing it to mining and dividends. The point people make is that with a fixed production cappacity and enough gold for 20 years
    (10 m ounces/500,000) don't we need a better grade to make more money OR a bigger plant to process faster. You could even argue that after 20 years a new plant is required as the old one is expired so that what you can not produce in 20 years would have a extra cost attached to it. Thats where the underground high grade would come in.
    I m sure the deg boys have gone through all the permutations. As long as they work for the shareholders. They ve got a truckload of money to pay themselves and might slack off a bit......
    Time for a wine.


 
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