The developers
Rigg says “no one will convince us otherwise that De Grey (ASXEG) isn’t a standout”.
De Grey owns the 500,000ozpa plus Hemi discovery in WA’s Pilbara region near Port Hedland, the first tier-1 find in Australia since the Tropicana gold mine.
That makes it a potential target for some of the world’s biggest miners like Barrick, Newmont and Agnico Eagle.
“Even including the producers, we don’t think any of them are particularly attractive because they have some sub-standard assets, right?” Rigg said.
“The last thing a Barrick wants to buy or a Newmont wants to buy is a company where they have to sell-off the assets. So this is a company which has an asset which would be perfect in those companies.”
part of from Today's $tockhead
The potential of hole HEDD128, page-63
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$1.43 |
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Mkt cap ! $3.427B | |||
| Open | High | Low | Value | Volume |
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