DEG - De Grey Mining

[Miner]

Last weekend, with a myopic vision, I was contemplating some wishful thoughts on DEG on the side of M & A
What about DEG gets acquired by Roy Hill, MIN or GOR in next 24 months or when HEMI project gets it feet into?
Traditionally MIN has not established itself greatly to acquire a developer and that too in gold area. Same applies for Roy Hill. But both are risk takers and large organisations. GOR has its strategic investment on DEG already and knows better the future of gold as well as DEG.
Should I revisit this wishful thought in late 2026/ mid 2027 ?
May be gold will go up following Uncle Sam's demise and geopolitical reasons in Iran, Ukraine or Poland ?
DNH

My posting on 1 July about probability of an MA

 

[Miner]

De Grey holders and followers, hope you have been able to read the Quarterly reports published today and another recent announcement.
DNH

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02864628-6A1230336&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

 

[Sean K]

12 months of drilling for just 7-900K ounces? I know there's a lot of infil to de-risk Brolga to get the Measured number required to start mining, but it doesn't seem that much overall. They must have done 60-80Km of drilling as a guess. Maybe I'm being picky, they've obviously got more than enough to start mining and work out the LOM later.

 

[Miner]

12 months of drilling for just 7-900K ounces? I know there's a lot of infil to de-risk Brolga to get the Measured number required to start mining, but it doesn't seem that much overall. They must have done 60-80Km of drilling as a guess. Maybe I'm being picky, they've obviously got more than enough to start mining and work out the LOM later.

View attachment 187907

@Sean K - just noticed you already posted the MRE just when I posting .
So deleted my post

 

[Sean K]

@Sean K - just noticed you already posted the MRE just when I posting .
So deleted my post

What do you think about it Miner?

They're building up quite a significant resource. Do they need to produce anything more for the final financing plan or is it just full steam ahead to building and digging?

Not sure if any of these things are important:

 

[Miner]

De Grey is basically improving its target

What do you think about it Miner?

They're building up quite a significant resource. Do they need to produce anything more for the final financing plan or is it just full steam ahead to building and digging?

Not sure if any of these things are important:

View attachment 187926

@Sean K
My 2 cents.
I do believe the information is important to keep the market what is happening since BFS. Specially the release of measured resources from previous inferred and indicated resources a must know item. It builds up credibility and confidence without any surprise.
Traditionally most of the projects undergo good change between DFS to execution phase due to level of engineering undertaken by definition on a DFS and thereafter in FEED. In addition there could be some design changes.
For DeGrey good part is they have had good confidence on the Process and have ordered most of the long lead critical equipments. I would probably say, they could have waited to keep money in the bank for few more months. But that shows De Grey's confidence and hence the decision made.
Infact I believe this report showing some hidden fruits to expand the life of Hemi once open pit mining is completed. That is a smart and sustainable strategy.
I have no concerns on the steps taken and ASX reports

 

[Miner]

https://www.fool.com.au/2024/11/15/guess-which-buy-rated-asx-gold-stock-is-a-likely-takeover-target/

Motley fuelled a speculation

 

[Miner]

today is AGM

https://app.sharelinktechnologies.com/announcement/asx/07c39b98b42d64e0962324b3116140a5

DEG rose up slightly as with peer gold stocks.

 

[Miner]

https://www.fool.com.au/2024/11/15/guess-which-buy-rated-asx-gold-stock-is-a-likely-takeover-target/

Motley fuelled a speculation

Could Hancock group be venturing into gold through De Grey ?
My speculation there are two suitors - Newmont and Hancock Prospecting
Atlas already leased a land to De Grey ?

 

[Sean K]

Could Hancock group be venturing into gold through De Grey ?
My speculation there are two suitors - Newmont and Hancock Prospecting
Atlas already leased a land to De Grey ?

I don't think Gina would. Does she know gold? I think she knows iron, cattle and boots. And shares her wealth to make Australia a great Olympic nation. Good darts. Does she have an AC yet? Should be the next GG.

I think Newmont or Gold Fields will buy it.

Newcrest should have and maintained their position as the Big Australian in Gold. That was a very disappointing capitulation.

 

[Miner]

The EPA notification published for public comments has not escaped the attention of punters, raising the SP a bit. Hopefully, more people and newsletters will read that and write juicy stories tomorrow