DEG 2.35% $1.53 de grey mining limited

potential 100% move, page-9

  1. 1,273 Posts.
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    AgAu,

    Spot on hey?

    Arrgh! I do usually spot the leaks in advance as this is such a regular pattern for DEG but this time just thought there was nothing on the horizon so I was hoping this time it was just a case of increased market awareness of the potential DEG has this summer of making some discoveries that excite the market and SP interest. Still it is nice to be wrong, and a great announcement. DEG have been looking for a cashed up junior miner to JV the Turner River area for ages, and it just looks like their wishes have come true. The prospects there are really very good WRT the VMS, but the depth and extent of drilling required to prove up an economic resource were always beyond the funding capacity of DEG unless they hit some really big intercepts of high grade ore. This new relationship will add some real certainty to ongoing exploration at Turner River, and a flow of ongoing drilling results and resource upgrades that should keep the market interested in DEG as it all progresses over the next few years. It is very pleasing to see all the funding sunk into this prospect by DEG might really lead to something after all! Good luck to all holders, things are finally looking up for DEG and that downward slide in SP might finally have been arrested.

    Still, it is time someone looked into who at DEG is leaking this info in advance of announcements, as this pattern is becoming something beyond just a regular one!
 
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