BROKER’S REPORT UBS SECURITIES: TIER 1 GOLD DISCOVERY IN THE WEST, page-3

Hi quietinvestor69

I also found the UBS analysis interesting- particularly the following:
"Based on our modelling DEG is pricing in a US$1,440/oz real gold price indefinitely, or US$1,490/oz
with no exploration upside. At spot (US$1,820/oz) our valuation lifts ~111% to A$2.53/sh fair value.
Or, cut another way, the market is paying A$169/oz of (current) gold resource across the entire
Mallina project." Emphasis added.

Would be very nice if the gold price holds above US$1,800 oz and another 5,000,000 oz + economical discovery - I am uncertain re the price of gold but very confident of another large discovery.


Regards


Old Fisherman