1. Most Discussed
  2. Gainers & Losers
DEG 22.5¢

Time for an update here... 03/11/2017, 28458387

  1. thunder54

    5,516 posts.
    Time for an update here we have had two huge developments from Novo resources tonight, the fine gold wow another layer need abit more look before I comment on that though, what I have been waiting on and am prepared to comment on.

    This trench
    ter654.jpg
    Why is this so important why is this game changing?? This is our first look at are the nuggets consistent at depth? the answer is a hell yes, thats a 2.5m trench, the live stream trench was only 30cm this is a massive deal.

    We saw in the live stream they pulled a 16g/t nugget out, if Novo showed up drilled anywhere on along that trench with large diameter drill right now it would produce a results that would rock the market.

    Why is this significant it's the scale is growing rapidly from 30m x 10m x 30cm to now 400m x 100m x 2.5m, this is it this the final confirmation for me this is real as it gets, look at that trench it's right there 400m south west of Novo trench one.

    So why is this significant for DEG this is Novo news, well I can tell you the Novo MD Quinton Hennigh said

    "I can hand on heart say the DEG conglomerate is the same conglomerate found at purdys reward"

    What more confirmation do we need same conglomerate same mt roe basalt same nuggets..... 1 + 1 don't equal 3.

    So where is DEG at currently? They are still stage 2 of mapping and sampling given 12km target is such a large area this isn't surprising, additionally they have said native title is being worked on so hopefully in our next loudens update they can give us an estimation of when we will be getting some novo trenching of our own.

    Mapping and sampling is only 10% complete on 12km, yet in just that 10% we have had 2 additional discoveries this is a huge deal more than the market has given DEG credit for 2 reasons one the size of the target it's twice as big as purdys and second the thickness it's atleast 5 times thicker, if purdys is big 12km is a mega monster.

    This estimate is just for the part highlighted in green.
    cfds.jpg

    I don't know what more the aussie market needs than this to start re-rating this play to a Novo level, cause Novo didn't have any more than DEG has right now when they went from our level to a billion dollar company in days.

    To me DEG is a billion dollar company in waiting, I just experienced this with AVZ was loaded under 2 cents, waited and waited months for the market to get it, took so long I got flustered by the noise sold too early, not happening this time if it takes assays it takes assays, but I can't help feel DEG is just a jack hammering away from going Novo.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top