DEG 6.00% $1.33 de grey mining limited

Broker reports, page-3

  1. 606 Posts.
    lightbulb Created with Sketch. 331
    Another treat here for the faithful..

    15 year mine life.
    Production 290kozpa.
    POX capital A$150m. Pre-production capex of A$450m.
    Effective A$ gold price A$2,142.
    NPV $1.5bn.

    I believe Nord has been saying $1bn for POX (is that just the POX circuit). Either way, someone is a long way from the money. Even if it is somewhere in between, the likely size of Hemi and surrounding deposits should make the upfront capital spend justifiable.
    Clearly the gold price they are assuming is extremely conservative, as is potentially the grade. Perhaps some downside to NPV associated with capital costs, if being conservative but as I said the scale should make almost any number viable.

watchlist Created with Sketch. Add DEG (ASX) to my watchlist
(20min delay)
Mkt cap ! $1.593B
Open High Low Value Volume
$1.32 $1.36 $1.31 $5.051M 3.794M

Buyers (Bids)

No. Vol. Price($)
5 58933 $1.32

Sellers (Offers)

Price($) Vol. No.
$1.33 55477 4
View Market Depth
Last trade - 10.28am 25/09/2020 (20 minute delay) ?
0.075 ( 7.51 %)
Open High Low Volume
$1.32 $1.36 $1.30 544452
Last updated 10.47am 25/09/2020 (live) ?
DEG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.