DEG 4.10% $1.40 de grey mining limited

Alas I dont think its likely Novo will be the one to produce the...

  1. 2,070 Posts.
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    Alas I dont think its likely Novo will be the one to produce the goods this year. As its new year, Ill speculate on how things will develop over the next 12 months.

    My view is that there will be a massive shite fight this year as Kirkland Lake try to recover some of the $50m funding currently being paissed down the gutter at Beatons Creek where 58 2 tonne samples have been sent down the expensive road to SGS in Perth, and presumably the Comet Well samples dumped as road base under the Hepburn Ave interchange to make room for these samples.

    And more funds to go to a hyped up lag gravel publicity exercise, where desperate teams of auger drillers try to locate new nugget traps within hidden ancient underground watercourses for a bulk sampling party trick to convince shareholders not to dump.

    Kirkland Lake must be furious that funding is being wasted in this manner and that nothing is being done to correct the inept work done at Comet Well which has been long abandoned.

    I have no doubt DEG will continue their low cost work on conglomerate this year and build up the evidence that conglomerate gold can be a usefull parallel stream of ore to run through a future processing plant. The work so far done is being ignored by the market, but if gold takes a hike in price that will change in a big way.

    It really is up to DEG now, if Kirkland Lake manage to achieve control over Novos conglomerate then that will help the overall story, but thats icing.

    Thats how I see it anyway.
    Last edited by ghosta: 02/01/19
 
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