DEG 4.10% $1.40 de grey mining limited

Novo ore sorting @egina results, page-31

  1. 2,254 Posts.
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    @goldtowin
    I am away for a week and do not have access to my files otherwise I would post pics to give further clarity.
    Check their previous ann and you will find strike length and dip at Loudens.
    Sw and Jw have much more and maybe more shallow dipping with run off streams that contain higher grades.
    I will be waiting for the first week or so in January for an update and will expect a lot more to follow.
    I do not expect a cr until somewhere closer to June as we have already been informed that this coming years drilling is fully funded or close to it.
    The cut off for drilling for the updated resource upgrade was around June 30 this year so with all the drilling that has been done since, I would also expect more good news about increases in resource and hopefully more conversion to reserves which adds significant value to our mc especially at a cost of $20/res oz.
    I really don’t think our board need to have their hand held by Novo but they are getting a few free kicks from all the costs Novo have incurred and the trials they have done. Even some majors are seeing the benefits of ore sorting, like Newcrest.
    As I keep repeating, we have a huge potential in our structural alone. Any conglomerate will be a bonus and could be huge also.
    I would suggest that you at least speak with deg to give you some piece of mind or help you decide to hold or sell.
    I am a happy holder and I am not worried about funding yet.
    We have a lot in our favour atm and need to see just what the pfs brings.
    We also need to give some time to any jv’s or off take agreements that can be orchestrated with our lithium.
    There is plenty at our disposal including a huge potential of base metals in the Tabba Tabba area.
    Kind regards, Wack
 
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