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$1.08 de grey mining limited

Somone do the maths again so we can get excited. Need about...

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dragonboat

225 Posts.

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06/09/22

18:30

Post #: 63550466
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Originally posted by midterm: ↑

We all know 359.4m @1.2 g/au is a very good result, but what is the true potential? here is my study.

The red dot is hole HEDD128, white dot are significant discovery holes announced, yellow dot are new deep drilling holes, not announced.
The date is drilling start and finished date, is very rough, because we can only see satellite image every 5 days, and sometimes, you can only see cloud.
The red line is the true width of intersection, Phil said is 300m, I put 250+m.
The area between 2 yellow line the Diucon west extension structure which is indicated on magnetic image, before DEG drilled 7 exploration line spaced 160m or 320m, result are not announced, I think thy are not very good, but there is good showed.
The structure is there, and good is showing, DEG believe the mineral must plunge to deep, so they tried HEDD128, bingo.
The structure is more than 3km, if we reasonable assume mineral can go 300m deep, 300(w)x300(d)3000(l)x2.5(density) that is 675 Mt.
The grade is 1.5+, 675x1.5/31=32.66 give it 20% discount, it's 26 Moz.
You can say this is my story, but it can be true.

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Somone do the maths again so we can get excited. Need about $1.15 to feel comfortable again.

DEG Price at posting: 96.5¢ Sentiment: Hold Disclosure: Held
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Last $1.08		Change 0.015(1.41%)		Mkt cap ! $2.588B

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