DEG 2.28% $1.07 de grey mining limited

Source Hunting, page-61

  1. 4,299 Posts.
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    @JoseyWales33
    I am always amused when intellects put their theories and hypothesis forward but I love when someone puts up a simple theory that leaves them gob smacked.
    I am not convinced on the sea bed or bacteria theory.
    The alternative to me is hydrothermal/volcanic or maybe meteor.
    If it were hydrothermal, it must be a large event?
    Deg has has the remnants of such a very large event including farno.
    This brings me to the point that @Sharpey bought up.
    The pfs will probably do sfa to the sp but the drill bit will keep talking.
    I am looking forward to what comes from farno and as @gbgirl said, wait till we get some deeper holes.
    I tend to think that Whitnell will go underground at a shallow depth but if enough volume is found to warrant an open pit, that is a juicy grade.
    Wingina on the other hand could be enormous.
    Clarke results are getting closer and we could see a wild card there.
    Anyone wondering about the value of 1.6 g/t in the first 100m deep, take a look at Regis Resources.
    Just over 1 g/t in their reserve and resources.
    They are fairly deep and still produce at a good margin until last q.
    They got smacked for that.
    Don’t stop there, there are plenty of producers below 2 g/t.
    I will let @WhackyWolly speak for himself and will be interested in his opinion but my interpretation is that he has already alluded to his idea of the origin.
    I think deg board have also and it’s not the sea bed theory.
    Kind regards, Wack
 
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