DEG 2.43% $1.27 de grey mining limited

Hi Q, thanks for posting.Predictions of the gold price are a...

  1. 1,313 Posts.
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    Hi Q, thanks for posting.

    Predictions of the gold price are a dime a dozen - these experts bullish (from about 1:21min) - or our recent arrival @NolmSpartacus who thinks it will be less in 2 years time, just as we enter production.

    However, the video is notable for Pierre, creator of the Lassonde curve, talking about the curve and applying his investment strategy.

    Likes to buy in the "killing field" part of the curve - the deposit has been drilled to death, you know the cost to build and they are putting their finance together - and you can buy the company at a discount to the net asset value of what is already there, and you get free optionality on future gold price and discovery (from about 51min).

    https://hotcopper.com.au/data/attachments/6128/6128639-5b3ad14e57bb0cc28089fdec49d3d666.jpg

    Sound like a company we know??

    GLTAH!

 
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