I'm happy to be corrected but wasn't Jarret Well 39m and Steele Well 68m?
The issue from understanding is its going to be almost impossible to get a jorc from the conglomerate. So the focus has to stay on the structural because that's what's going to justify the financing for the plant on decent terms.
In November getting the options exercised were of upmost importance. Pumping up the news was logical. Remember they put their money in as well so they led by example. Once the cash was obtained finding more gold is way more important than updates unless planning to sell in the short term.
I think the perception's been for a long time there's no huge deposits in the Pilbara so its being dismissed. Takes a lot of time to change perception. Its probably easier to get overseas investors as they don't have the negative history associated.
If it wasn't for Novo Deg would be struggling and heavily diluted as the cap raising would have been much lower so I will never complain about them. They have allowed DEG to accelerate the drill program while they have burned cash galore. We cant just turn the area into swiss cheese unless we dilute massively.
If Withnell deep is a goer I'd be happy. That seems the priority at the moment.
Grade
DEG Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
