$6 a share looks pretty good to me. I think your analysis points to the future, and the ongoing exploration, and Our Dividends - lots of them bloody marvellous little things.
I was disappointed with the NR, in a way. I mean, I understand the increase in certainty/confidence increasing the 'Indicated' part of the resource and why it was important to focus there, but it looks like this won't increase the annual ounces of gold by very much. And if I am right, then what scale of mill to build? Presumably they can use any further regional exploration results since the DFS drilling time cut-off in the consideration of mill scale? As is a base case, plus optional additional tonnage. Not sure what the rules are here.
DEG Price at posting:
$1.36 Sentiment: Hold Disclosure: Held
(20min delay)