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De Grey Mining (DEG)

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De Grey Mining (DEG)

“Hello, I would like you to start following DEG... a very major future player within the Gold industry. The price has dropped back to around $1... from around $1.50 ... yet the resource continues to grow with no limits yet in sight. The spec nature of DEG is now past. An exciting future is in front of it... maybe as a takeover situation for the existing majors.” - David T.

Answer

Morning David,

As a $1.3bn De Grey Mining Ltd (DEG) enjoyed a fantastic 2020 but like most of the gold sector its been a tough few months. We will indeed be following DEG in 2021 and its slowly becoming interesting from a risk / reward perspective as it corrects with the sector.

DEG
MM is considering DEG around 80c.
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