DEG 4.59% $1.14 de grey mining limited

To get the whole Pilbara Gold play moving I think we need some...

  1. 209 Posts.
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    To get the whole Pilbara Gold play moving I think we need some sort of existing producer, with scale and expertise, to commit to a large mining operation for the area. Ironically, I think you'd need some Novo and all DEG's assets to de-risk it enough this year. By 2020 who knows, as we would be close to go it alone.  Regardless, we are the lowest risk assets in the area with very limited downside in my view. 

    Juniors up here in Canada are starting to show signs of life a little earlier than normal. All GP related at this point but 2019 and 2020 should be good for mergers and acquisitions.  Maybe the Mid Tier producers will start to open thier wallets.  Many have only a few producing assets that will need low cost replacement assets. 


 
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