RE:Up 29% today Although notably VG in core would be a great thing. I think the current sentiment is the anticipation of a mineral inventory release. I've looked closely at their internal block model (1) and their publicly available drill hole composite database located on their website (2). I estimate a deposit size around 650-850K oz Au (3) based on 2019 to 2023 drilling. This is a rough ball park, crude estimate, and has much more upside potential then downside in my opinion, i could easily see this being a 900k-1.3M after another 7-8K meters are drilled. If you run a crude mineral endowment calculation you get a insitu gold value well above their current market cap. I havent talked about their proximity to favourable infrustructure
(1) https://www.deltaresources.ca/wp-content/uploads/2024/03/24-03-15-Corporate_Presentation_DLTA.pdf
(2) https://www.deltaresources.ca/delta-1-gold-project/
(3) this estimate is very rough and not to be considered NI compliant, obviously. Although, there is much more head room going up above then down in my opinion.