No doubt this is a giant in the making. The problem with putting a target price at this stage is like estimating net worth of a baby before they grow and experience life. I daresay, the Pilbara is going to experience a lot more attention worldwide as exploration continues. This in turn will bring consolidation of like minded companies as well as those that prey on others. DEG still need to factor in a lot of costings as they emerge from explorer to miner and as that takes time, energy and capital, the journey is going to be an interesting one. My current view of DEG as explorer is sub $1, but way higher than 30 cents. However, once they emerge as miner and survive any possible mergers, takeovers etc, then I think $1 to $5 range is highly possible. Mind you that is still some time away.
Either way, DEG has become one of the most interesting gold stories on the ASX and I look forward to the rerate.
No doubt this is a giant in the making. The problem with putting...
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |