DEG Acquired Indee for Deferred Payment |
| |
On 8 February 2017, DEG announced acquisition of the Indee gold project.
The consideration is an initial payment of $50k, plus a further $50k within 3 months, with the balance of $15m to be paid by August 2018. In addition, DEG is required to spend $0.6m on the tenements.
In Beer & Co.�s view, the timing of the payment of $15m means it can be part of the project financing, rather than requiring significant equity at this time.
Click here for full report :
|
 |
Indee is contiguous with DEG�s Turner River tenements |
| |
Indee straddles the Mallina Shear, giving DEG over 100km of continuous strike. DEG is able to develop the previously separate projects as a single development, with multiple ore sources.
Click here for summary report :
|
|
DEG now has over 800koz in Resources, grading 1.5g/t. |
| |
DEG now has nearly 10Mt in Measured + Indicated Resources, for a total of nearly 500koz, at an average grade of 1.6g/t, within a total of over 800koz, in more than 16Mt.
There is significant further mineralisation not yet included in Resources.
Click here for all of Beer & Co Research :
|
|
DEG � now a project developer. |
| |
Beer & Co expects a series of Resource upgrades over the balance of 2017, along with results of a scoping study and then a FS by then end of 2017.
The volume, grade and nature of mineralisation gives us confidence.
Click here for full report
|
|
Beer & Co.�s risked valuation is 25c/share |
| |
Beer & Co has modelled DEG based on developing Indee � Turner River as a single project, at a rate of 2.0Mt/yr. Beer & Co has estimated capital costs from similar projects and we have estimated operating cost using our database, cross-checked with other public data.
Click here for summary report :
|
|
Beer & Co has a Strong BUY rating; Very High Risk |
| |
Beer & Co.�s valuation is many times the share price. There is significant upside to our valuation, but it is based on our estimates.
Click here for full report :
|
|
 |
 |
|
|
|
|
 |
Beer&Co.
ACN 158 837 186
Authorised representative Melbourne Venture Securities Pty Ltd
www.beerandco.com.au |
Author:
Pieter Bruinstroop
pbruinstroop@beerandco.com.au  |
 |
Copyright  2015 beerandco.com.au, All rights reserved.
You are receiving this email because you have subscribed to our newsletter list. If you do not wish to receive our newsletter emails in the future, please unsubscribe here.
DISCLAIMER IMPORTANT: This message is for the intended recipient's use only. If you are not the intended recipient(s), please notify the sender immediately and delete the message and any attachments from your system. This message may contain confidential, proprietary or privileged information. No confidentiality or privilege is waived or lost by any transmission errors. You should not read, print, copy or use it for any purpose, nor disclose its contents to any other person. Beer and Co Pty Ltd cannot guarantee that this email message is secure or error-free. No guarantee is made that any attachment(s) are virus free. You should check all emails and attachment(s) for viruses and defects before opening and using them. Beer and Co Pty Ltd and its associates hold or may hold securities in the companies/trusts mentioned herein. To the extent that this email contains any financial product advice, it is limited to general advice only. Although the information is believed to be reliable, Beer and Co Pty Ltd does not guarantee its accuracy and it may be incomplete. Unless stated otherwise, Beer and Co Pty Ltd has not taken into account your investment objectives or financial situation when preparing the information contained in or attached to this email and therefore may not be applicable to your particular circumstances. You should obtain your own financial advice before making an investment decision. Past performance is no indication of future performance. Any reference to the terms of executed transactions is preliminary only and subject to written confirmation. This email is made available to you in Australia by Beer and Co Pty Ltd (ABN 88 158 837 186, AFSL 224 313). | |