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$1.14 de grey mining limited

Gold Price, page-189

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29/03/24

18:14

Post #: 73119752
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Originally posted by The_Vet: ↑

@Preston3 "Didn’t De Grey use AUD$2,400 in the pre feasibility study?"
You are spot on in that observation.
Gold is a unique product in that every dollar the price goes up is a dollar profit on the bottom line.
It costs much the same to mine and process a ton of barren dirt as it does to mine and process bonanza grades.
As long as a miner can cover ASIC every dollar over that is profit.
There are no marketing costs, minimal transport costs and no risk of oversupply to the market.
That is why in a gold bull market the stock prices of the big producers move first, the mid size miners second, the developers third and the explorers are the last to move, but they make the best percentage gains as long as they can demonstrate they have gold in the ground and a feasible plan to mine it.

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In the DFS I think it was 2700

DEG Price at posting: $1.27 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.14		Change -0.020(1.72%)		Mkt cap ! $2.119B

Open	High	Low	Value	Volume
$1.16	$1.17	$1.13	$9.131M	7.978M

Buyers (Bids)

No.	Vol.	Price($)
25	62266	$1.14

Sellers (Offers)

Price($)	Vol.	No.
$1.15	117547	51

View Market Depth

No.	Vol.	Price($)
35	114726	1.140
33	408093	1.135
45	684498	1.130
24	531018	1.125
36	650263	1.120

Price($)	Vol.	No.
1.145	122078	64
1.150	274963	24
1.155	131461	15
1.160	152963	12
1.165	312497	7

Last trade - 15.58pm 14/05/2024 (20 minute delay)


Last $1.15			Change -0.020 ( 1.33 %)
Open	High		Low	Volume
$1.16	$1.17		$1.13	1558882
Last updated 15.59pm 14/05/2024 ?

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