RE: Franklin Gold & Precious Metals Fund take 201,575,000 GGP Shares18 Oct 2024 08:12
De Grey Mining continues to make strides at its Hemi gold project in the Pilbara region of Western Australia, with the strong gold price doubling the site’s net present value.
The definitive feasibility study (DFS) from September 2023 had an estimated net present value (NPV) of $2.9 billion, conducted at a gold price of $2700 per ounce (oz).
Now, at the current price of $3950/oz, Hemi’s NPV is more than twice as high as the DFS estimate, demonstrating the project’s strong economics.
As soon as we get the keys handed over and release the dfs, and reserves estimate for telfer the sooner we can start following the POG! 🤞