You are obviously very new at Spec investing so don’t really...

First 2644 Last

Share
Profile

Follow
DANNY2503

1,440 Posts.

709

03/06/22

05:15

Post #: 61792582
Share

Originally posted by Arh0070: ↑

DEG has without question had fantastic exploration success .One of the best world wide discoveries in recent years .
It has plans for a plant to produce 400,000 ounces of gold .
With current reserves it can produce for 20 years probably from 2026 to 2046.
So the reserves it is currently drilling for will be produced from 2046 onwards????
The addition of reserves over the last 2 years hasn’t added a nickel to the share price .This is the same world over as in the ground gold reserves are devalued because in the current inflationary environment it is virtually impossible to build a mine and produce gold for a profit in less than 5 years at a minimum. DEG share price has held up better than most ,I suspect this will not continue as the reality of trying to fund ,obtain permits and actually build such a large mine will take much longer and be way more expensive than expected..

Expand

You are obviously very new at Spec investing so don’t really understand how it works yet. I’m sure in time you will start to understand a little better, I would suggest until then it’s probably best to just watch, read and learn.

The fact that you are a Non Holder, you should really just sit in a corner and watch and learn, rather than sprouting negatives on something you have absolutely no financial interest in.

There is an old saying, “better to look like a fool, than open your mouth and prove it”

GLTAH
DYOR

Last edited by DANNY2503: 03/06/22

DEG Price at posting: $1.04 Sentiment: Buy Disclosure: Held
21 Upvote

0 Great analysis

Reply