I follow the gold mining market very closely and I'd guess the...

I follow the gold mining market very closely and I'd guess the typical drill hole nowadays averages under 2 g/t. De Grey's results shine by comparison.

Unfortunately, sentiment in gold market is so poor, even stellar results fail to move a stock. In a healthy market, yesterday's results would've caused an impressive jump in the stock price. 5% is a disappointing gain given what was reported, and if the recent past holds, we may see the price fall over the coming days. (I can't count the number of times over the past several months, Pilbara gold companies report what seem to be good results; the stock rises a bit, then a week later it's below the original price--speculators jumping in and out, I guess.)

These doldrums won't last forever, and when things do pick up in the gold space, De Grey will fly. IMO, it is far and away the best value in the Pilbara.