Hi Wack
Thank you for your ongoing & valuable contributions to the DEG threads.
With regard to the Alluvial/Non Alluvial (Conglomerate) gold question & its brief mention in the earlier DEG thread (Pacton Gold up 42%), do you have an opinion regarding its relevance for our JV's with Vanmaris & FarnoMacMahon (Novo) on the nearby tenements in the Egina area.
Specifically, as per the respective option agreements the vendors (VM & FM) retain Alluvial gold rights only on these JV tenements.
Based on this I suggest that DEG should be able to claim up to 80%/75% of all other non-alluvial gold (Conglomerate & Structural) on those JV tenements.
If conglomerate gold is subsequently found on the JV tenements – & they are less than 10km from where Novo is discovering conglomerate now – it could materially improve DEG's bottom line if it was determined that conglomerate gold is not alluvial.
Welcome all opinions on this important question.
Cheers Ark
Hi Wack Thank you for your ongoing & valuable contributions to...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DEG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.40 |
Change
0.055(4.10%) |
Mkt cap ! $3.115B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.41 | $1.36 | $9.178M | 6.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 247 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 199327 | 9 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| DEG (ASX) Chart |
