DEG 6.45% 6.6¢ de grey mining limited

Gruyere comparison

  1. 669 Posts.
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    The 50 50 JV between Gold Road Resources and Gruyere Mining Company is forecast to begin production this June 2019 quarter. with a full year average production of 300 k ounces over a 12 year mine life
    8.2
    MTPA
    throughput rate
    {fresh ore}
    3.92 M
    ounces
    Ore Reserve

    Final Forecast Capital Cost Estimate excl JV support costs remains unchanged and on budget at $621 million
    Plant is 97% complete with finishing works in progress across the site
    Approximately 800,000 tonnes of ore mined and stockpiled
    AISC are expected to be in the range of $1050 to $1150.
    GOR has a market cap of $830 million with twice as many shares as DEG while we sit on a market cap of just $36 million .
    Obviously that project is years ahead of where we are currently at but we could ultimately far and away exceed their reserves. given the limited drilling done to date
    At a little more than 8 cents a share Deg appears to have some considerable upside if you look longer term than the next three months

 
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Mkt cap ! $58.23M
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6.6¢ 6.6¢ 6.5¢ $26.80K 406.2K

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5 141006 6.5¢
 

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6.6¢ 198183 3
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Last update - 10.53am 23/07/2019 (20 minute delay) ?
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