DEG 4.59% $1.14 de grey mining limited

Wish there could be some good updating on the gold exploration...

  1. 1,268 Posts.
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    Wish there could be some good updating on the gold exploration of Wingina Well area and the Turner River VMS. All of this is rather quiet as usual wrt progress on the farmouts. While I know DEG has lost interest in mining the stuff, they always said it was a goer at Wingina once the gold price climbed abouve A$1500 per ounce. We have been there for awhile, so it would make sense to review that as a way of returning some value for this area to DEG holders and for funding further exploration without further capital raising. It is a bit unclear in the JV's about whether they can step in and do that now, given the JV partners are allowed to buy into that deposit if they want to, but hopefully management are still keeping options open on this one. Especially if a nice portable CIL plant comes along from another mine or similar opportunities pop up. I think it was 180k oz, so at over $1500 per oz there must be some upside finacially for looking into this?
 
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