DEG 4.10% $1.40 de grey mining limited

While going after conglomerates would be awesome, it is just not...

  1. 539 Posts.
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    While going after conglomerates would be awesome, it is just not in our pricing at the moment. Better to prove up a reliable source that can give us years of mine life and run the conglomerates through that.

    They were never going to start mining with just 1 million ounces of gold, that is foolish. Kind of like trying to mine a conglomerate target without having all the facts.

    I am glad they are sticking to the strengths they know and proving a reliable source of gold. This was never a conglomerate play and if that's what you are here for i suggest going back the drawing board, this company has always been about the structural gold with a couple other metals as a side pleaser and now conglomerates fall under that category too.

    I am happy they are sticking to the structural play and making it worth while, rather have Novo waste their money working out how to mine this thing than us.
    Meanwhile we are just adding to our assets and if we reach the 3million ounce gold there will be plenty of ways to fund out plant which is what i am here for, explorer to producer.
 
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