Pilbara Playbook, page-8

I gave up trying to figure out the trading of ASX juniors. Seems all the Pilbara players are in a Mexican standoff . One exception might be better sentiment towards DEG vs ARV. Part of this is investor realization DL has cost significant dilution to get where they are. DEG my be smaller but are better run with a conventional producing mine in view.

At some point conglomerates with give DEG a re- rating. Hopefully, before mine financing is all I really care about.