I think at this valuation, DEG land is expected to be a major gold district, with many 10s of million of oz to justify the $1B explorer market cap.
I think the risk is a lot higher now, that if future drilling results do not deliver the results as expected then share price will go back down (but I think that would be a correction rather than price crash). All eyes are on the extension of Aquila (East and West), Brolga (to the south), and what is underneath Scooby, Shaggy, Antwerp.
valuation, page-3
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Last
$1.13 |
Change
0.020(1.80%) |
Mkt cap ! $2.696B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.14 | $1.12 | $1.027M | 911.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 117509 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 84949 | 21 |
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| Last trade - 11.55am 12/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |