Impact: Mildly Positive
De Grey has announced the final batch of drill results from its RC drill program at Toweranna and has announced its transition into scout drilling to test the deposit at greater depths. The update continues to support the company’s target of 2Moz for its entire Pilbara project which would provide upside beyond our current 1.58Moz estimate. We reiterate our fair value estimate of A$0.35/sh (unchanged) which we expect could be realised with coming positive milestones for the company.
Red Cloud’s 2024 Pre-PDAC Showcase – Conference Recap
This week, Red Cloud hosted its in-person Pre-PDAC Showcase which featured 88 presenting companies and four keynote presentations. The conference had over...