Chart - TA, page-1922

Ladies and gentlemen,

Another major progress has been made by DEG in an attempt to deliver values for shareholders. In just 10 days take a look at how many infill/extension drillings done by De Grey at Diucon/Eagle. Spot the difference.

13/10/21

23/10/21

For those of you who aren't familiar with sentinel hub, it is a website where you can browse high resolution satellite imagery, open source and free. Many thanks to the person who first introduced Sentinel Hub to De Greyers (I believe @salpetie was the one).

Also would appreciate it if anyone can also share the coordinates to other emerging regional targets (e.g. Calvert, Withnell, Gillies, Geemas, Charity Wells, etc. We can all help track the progress and making sure DEG is putting our $125M into good use, which I am sure they are already.

I understand there may be some that are disappointed with the recent CR to institutions, but think about this as a bigger picture. De Grey is finding gold at very low discovery prices. How many shares did they raise? 113.6M. Multiply 113.6M with current share price of $1.10, you get $125M, that's how much this batch of new shares are worth. Had De grey found more gold ever since the MRE release? Yes lots of them. MRE cut-off date was 17 May.

Scooping study of around 450k oz pa was based on MRE and MRE only, which would have been very outdated by now, as we had 6 further strong news releases from Hemi
For simplicity I didn't include regional targets outside Hemi.

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

Mind you, these are not small intersections. Many are >50m, some hits up to >100m at between 1-2 g/t.
Let's put a guess and assume they only found an extra million ounce of gold from these announcements. New shares are worth $125M. Divide that by a million ounce of gold, you get $125/ounce. It can be more or less, but just for the sake of a guess.

My point is, the new shares are going to be backed by new ounces of gold, so dilution is a non-issue.

Take a chill pill and enjoy the ride. Above are my personal opinion only and not financial advice.