Please correct me, if wrong.
Its my understanding, that finding the conglomerate nuggets is not a problem, they exist in the the regions DEG has marked out.
The problem is finding the fine gold, so as to get a resource estimate, without which, there is no $$$ available for a mining operation.
Most, if not All the players in the WITs 2 game have a chance of getting the nuggets, but fine gold, maybe not.
DEG due to its existing 1.2 mill oz and more, will most likely be able to actually start a mining / processing operation.
When that happens, all these other companies, which have the nuggets, and no fine gold or money to start an operation, have a very likely chance of coming to DEG to process their ore. So DEG would tend to make money not only from its resources, but possibly from the whole Wits 2 region. As our mining facility would be in the region, and their transport cost would be the least.
Even Novo, how will they finance a future mining operation, if no fine gold found ??
Will the experts comment please.
Vancouver simulcast Pilbara Gold Rush, page-16
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