1. Earlier analysis of shorts superficial and manipulative =...

1. Earlier analysis of shorts superficial and manipulative = bearish hit job.

2. Broker's DEG analysis: Bullish.

De Grey Mining (ASX: DEG): with a market cap of A$2.5 billion, De Grey Mining is a classic example of value creation driven by exploration. Over the past 3 years, it has discovered HEMI; a Tier-1 deposit in an under-explored greenstone belt in the Pilbara Region. The resource has rapidly increased to 10.5Moz making it one of the largest Australian gold discoveries in decades.

Market capitalisation has increased significantly from ~$100 million at discovery. A recent feasibility study highlights a globally significant gold project producing 500-550koz pa at AISC <A$1,300/oz in the first 10 years.

It is trading at 0.6X NAV as it transitions to project final investment decisions (FIDs), construction and then production. Once in production, there is no reason why it should not trade at a premium to NAV. Highlighting its leverage to gold, the feasibility study was done at a gold price of A$2,400/oz whilst the spot price is at A$3,090/oz.

https://www.livewiremarkets.com/wires/gold-is-good-but-these-3-asx-gold-stocks-are-better?utm_medium=email&utm_campaign=Trending%20on%20Livewire%20-%20Monday%2018%20December%202023&utm_content=Trending%20on%20Livewire%20-%20Monday%2018%20December%202023+CID_a29d79446805d03985a4c2e9bc883dbc&utm_source=campaign%20monitor&utm_term=READ%20MORE

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