DEG 4.10% $1.40 de grey mining limited

Of course the other interesting angle in this and I think Deg...

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  1. 33 Posts.
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    Of course the other interesting angle in this and I think Deg mgt will cotton onto this , the conglomerate could offer such a low Aisc especially if they can find additional conglomerate beds that are shallow and the Tomra technology proves up , you can then do a lot of head grade improvement and transport the very high grade sorted ore to radio hill , pay them cut and still potentially be be realising over 1000 per ounce profit on the conglomerate . The smart approach then is to focus on that first to get cashflow up , then largely fund your own plant with this Cashflow and some debt finance , reducing the need for massive capital raisings to fund a plant . 


    In business if always makes sense to chase down the high profit margin business first as this always gives you options . Quite a few things have to go Degs way for this to work but it should be considered as the right exploration / mining strategy and this approach cpuld deliver much more shareholder value than trying to push on with big dilution capital raisings necessary to try and mine the Conventional resource first which is likely to be much less profitable per ounce . Therefore don’t accept that graph that’s been floated on here a few times as a fait accompli as we convert from explorer to Miner . 

 
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$1.40
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0.055(4.10%)
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