DEG 4.10% $1.40 de grey mining limited

@speculator101Nice to have you over here spec.I am sure that...

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  1. 2,254 Posts.
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    @speculator101
    Nice to have you over here spec.
    I am sure that you have done your homework.
    It is a shame that they did not take advantage of the higher sp and raise then but I think everyone at that time was not expecting to see this floundering share price.
    I don't expect any problems with funding for Indee and further drilling but yes it comes with a low sp.
    There are 2 rigs currently drilling and I believe they are at Withnell. Being the largest deposit, potential strike extension and right at the proposed plant will be where conversion is concentrated while they are optimising metallurgy, ( currently above 90% ).

    https://hotcopper.com.au/data/attachments/1448/1448516-99881233ab5662d1798190f2df7b2528.jpg

    There are other rigs starting soon I believe, to step out further.

    "An RC rig is due to arrive shortly to commence at Toweranna. Priority resource extension drilling will target Toweranna, Mt Berghaus and Mallina during the first half of the year.."

    There are some large potential strikes currently being targeted.
    https://hotcopper.com.au/data/attachments/1448/1448511-c4e64e98d1de91240edd96aaf52cbbfb.jpg

    Not sure why they are not pushing on at Wingina other than the distance but thought you my not have seen this.
    Check out the intersections from surface.
    This is also one of the reasons I had expected to see an increase in grade across the project but there is more like Toweranna further down.
    https://hotcopper.com.au/data/attachments/1448/1448515-d515aab05e3561f08f44f684d2227e26.jpg
    I can't not include Toweranna as well.

    https://hotcopper.com.au/data/attachments/1448/1448517-19f356b282a6a8ee3d434825eeafedce.jpg
    There is an enormous base metal potential along with Lithium and Caesium which extends the entire length of the Tabba Tabba thrust being well over 60 klm in length. That is currently on the back burner while they concentrate their energy and budget of course purely on gold.
    The board have been very approachable and very focused.
    I have found it better to ring them as emails seem to go un noticed but I have assumed it due to junk box parameters.
    I have always disclosed my name, that I hold shares and that I post on hc also disclosing my alias.
    Kind regards, Wack.
 
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$1.40
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