DEG 7.42% $1.23 de grey mining limited

Argonaut - Crow Keeping up with the Flock

  1. 674 Posts.
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    Here is the latest broker report from Argonaut covering yesterday's Crow announcement.

    "More broadly, Argonaut sees potential for the Mallina Project to grow beyond 10Moz within 2-4 years"

    "Under a mining scenario, Hemi would support a large scale, low strip open pit, which we believe could be staged with initial grades up to 2g/t Au.".
    I think this is a critical point. The grades from Crow yesterday will provide great feedstock for initial mine planning to boost the economics.

    Also, look at the untested interpreted trend of the sub-vertical lode in Exhibit 3 and the scale comparison to the Super Pit in Exhibit 4.

    https://hotcopper.com.au/data/attachments/2421/2421094-976995c9aa2429ea1e7bce0e46880f40.jpg

    https://hotcopper.com.au/data/attachments/2421/2421100-88be6b073cf6a41c57bade15f893194a.jpg

    https://hotcopper.com.au/data/attachments/2421/2421103-57e2f63c5322c8bc9cdd5bf33cc1868e.jpg

    https://hotcopper.com.au/data/attachments/2421/2421108-b165b07a44ecc3da317b627649d31fb1.jpg






 
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