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DGMLF - De Grey Mining: Valuation Back To Frothy Levels
De Grey Mining Ltd
It’s been an exciting year for the gold juniors (GDXJ), as renewed interest in the sector has bolstered company balance sheets, kicking off the most aggressive drilling programs in nearly a decade. While many companies haven’t hit anything worth writing home about, De Grey Mining (DGMLF) is an exception, with the company making discovery after discovery on its Mallina Gold Project [MGP]. The addition of several new zones will likely lead to a 150% increase in gold resources to the world-class 5-million ounce mark. However, at a current market cap of