De Grey Mining Ltd DGMLF

First take on De Grey

[fatjohn1408]

So this company has for 1.6 billion usd proven gold reserves.
the latest presentation is implying this to rise to about 3 billion (+ 2 million oz)

This leads to an EV/resources ratio of about 0.032 - 0.015.

They also expressed the hope that this would become a +100,000 oz/yr mine.
Thats a revenue of 130 million.

Since then, they struck bonanza gold.
They also found some lithium.
How on earth is this not insanely undervalued at 50M usd?
Am I missing something?

[differentiate]

the big boys arent in yet ...still on the sidelines..that means that weve got one more dip a comin..if de grey s gonna be affected ..dont know..chart is looking good however,,even though theyre tied in with the pibarra hype/no hype ..they stand alone for me ..but iguess we need a sentiment change over all in the sector..even though some companies r already breaking out..maybe da grey is next...

[fatjohn1408]

They do in that their valuation can be argued on the sole basis of what has been found already. Nonetheless, I'm no fan of management's decision to financile this company by issuing shares. if by 2020 the shares trade at 30 cents, another 140 million shares will be issued. Bringing it to 500 million shares instead of 333M just a month ago. And that 500 is the bare minimum 600-800 more

[BillSmith9]

Raising the necessary cash is one of their biggest hurdles.  I appreciate the concerns about dillution, they are real.  Exercize of options or warrants is one of their few sources of revenue.  Would you loan money to an explorer with no revenue at less than 10% interest? Dillution aside, shares of stock that require no debt service, and offer equity with the potential for more than